Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End

A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI). Findings from the survey show that there is a need for the industry to turn towards product modernization and distribution in order to see economic growth. When polled, 76% of the 1,280 respondents said they believed that the end of physical money is near. And that digital assets were set to replace fiat currencies in the next five to 10 years. This will obviously have a significant impact on the financial services industry, but the respondents remained optimistic about the revenue potential of both blockchain and crypto, and digital currencies. Related Reading | American Rapper Tyga To Launch OnlyFans Crypto-Competitor “The Deloitte ‘Global Blockchain Survey’ shows that the foundation of banking has been fundamentally outlived and financial services industry players must redefine themselves and find innovative ways to create economic growth in the future of money.” – Linda Paw-czuk, Principal, Deloitte Consulting LLP, and global and U.S. blockchain and digital assets leader Blockchain Is Already Mainstream, Says Survey The survey also showed that the majority – nearly 80% – of global FSI leaders believed...