Blockchain for Banking News

OMFIF/MORI survey: Central banks most trusted to issue digital currencies

omfif central bank trust
Highlights
  • Central banks most trusted, followed by payments firms
  • Tech companies viewed with distrust, but not in emerging markets
  • Emerging markets more open to digital currencies, developed world not so much
  • Lower income have less trust in all methods of payment
  • Security is the most desired payment characteristic, but least rated feature of digital currencies

A new Ipsos MORI / OMFIF survey into consumer attitudes towards money has found that central banks are the most trusted institutions.

It’s widely known that digital currencies are favored by well off younger men. But these demographic differences are small compared to nationality. The only thing people agree on worldwide is a strong preference for safety as a feature of money compared to convenience.

Generally, emerging-market citizens are much more trusting of all institutions that might issue digital currencies. That applies to tech companies who are heavily distrusted in developed economies. And in emerging markets, people have much more favorable attitudes to digital currencies of any type. 

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Image Copyright: OMFIF