Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte

Posted by Camomile Shumba, businessinsider.com

Share on Facebook

Tweet on Twitter

Most financial professionals expect digital assets will replace government-issued currencies within a decade, or at least present a solid alternative to them, a Deloitte survey has found.

Given that, financial services companies must get on board with cryptocurrencies, digital assets and blockchain, or risk losing ground to rivals as crypto shakes up the industry, the respondents said.

Among them, 76% said they believe that digital assets would be a strong alternative or replace fiat in the next five to 10 years, according to Deloitte’s blockchain survey report published last week…read more.