Digital assets need to surpass three major hurdles for widespread acceptance. Demand for dematerialized means of payment may lead to increased use of digital currencies, claims Deutsche Bank strategist. According to a recent research by the Deutsche Bank, the demand for alternative currencies will rise by 2030. The bank claims that digital currencies will replace traditional cash in due course. In the “Imagine 2030″ report, strategist Jim Reid of Deutsche Bank expressed concern regarding the challenges faced by the fiat system after the creation of cryptocurrencies. Reid remarked that the rising demand for dematerialized means of payment and anonymity might push more individuals to use digital currencies. However, digital assets need to surpass three major hurdles for it to be accepted widely. These mainly involve being legitimate in the eyes of regulators and governments. Additionally, digital assets are required to have price stability and allow global reach in the payment market. Reid suggests that this development will be brought about by collaborating with stakeholders like mobile apps and card providers. Reid also noted that new challenges will arise after it is adopted widely. He stated that the digital currency-based financial system could face problems like dependence on electricity, cyberattacks and a digital war. He wrote: As that occurs, the line between cryptocurrencies, financial institutions, and public and private sectors may become blurred. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Brave browser exceeds 10M monthly active users FX Street 3 years Digital assets need to surpass three major hurdles for widespread acceptance. Demand for dematerialized means of payment may lead to increased use of digital currencies, claims Deutsche Bank strategist. According to a recent research by the Deutsche Bank, the demand for alternative currencies will rise by 2030. The bank claims that digital currencies will replace traditional cash in due course. In the "Imagine 2030" report, strategist Jim Reid of Deutsche Bank expressed concern regarding the challenges faced by the fiat system after the creation of cryptocurrencies. Reid remarked that the rising demand for dematerialized means of payment and anonymity… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.