The ongoing coronavirus pandemic accelerates central bank digital currency (CBDC) developments, according to Deutsche Bank macro strategist Marion Laboure. In a tweet from April 3, Deutsche Bank cites Laboure’s claim that the risk of cash spreading the coronavirus further will motivate authorities to consider digital alternatives. […] Research published in 2008 showed that the influenza virus was able to survive on banknotes up to 17 days. […] Another Deutsche Bank tweet quotes her as saying: “A once-in-a-century pathogen demands once-in-a-century solutions. An obvious place to start is to accelerate the inevitable shift toward [digital cash].” […] Interestingly, Laboure’s remarks are in contrast with research released by Deutsche Bank in late January.
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