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Deutsche Bank, Germany's largest bank,
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Deutsche Bank, Germany's largest bank, said it should speed up the development of "Central Bank Digital Currency (CBDC)" in Europe.



Deutsche Bank Research, a research institute affiliated with Deutsche Bank, said in a report published on the 10th (local time) that "CBDC will replace cash and that Europe should quickly start developing 
<a href="http://bybit.or.kr">바이비트</a>"



The Corona 19 Pandemics is advancing the "digital cash revolution." The use of credit cards has increased significantly over cash due to containment measures and social distinctions.



Deutsche Bank emphasized that "policy makers and companies should design<a href="http://ftxbit.com">FTX거래소</a> alternatives and devise ways to eliminate brokerage fees."



"The work on the local digital payment system should be prioritized right now, but FTX거래소 will eventually replace cash," he said. "Europe should hurry to develop CBDC."



Since the spread of 바이비트, central banks around the world have accelerated and embodied CBDC research and development work. China and Sweden are leading this trend. Both countries have been pushing for a digital economic transition for years, and there is something in common that the use of cash has decreased significantly since before Corona.



Deutsche Bank stressed the need to develop its own digital currency solution to counter such digital currencies and strengthen the euro and geopolitical status.
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