A recent YouGuv survey commissioned by the BearingPoint consultancy has several novel findings about the digital euro. One of the most notable is there appears to be more appetite for the central bank digital currency (CBDC) in countries that are currently heavy users of cash.
On the one hand, that could imply that the release of the digital euro could accelerate the move to cash. However, online shopping was the most popular use case (36%), perhaps indicating that cash users want to have a digital version. In-store shopping came second (28%).
That’s not to say the concept of a CBDC is massively popular. One in three people said they would be willing to use the digital euro, although many don’t plan to use it often. Only one in four respondents in non euro countries (Sweden and Denmark) would use a CBDC. Thirty six percent of Europeans do not wish to use a CBDC, and the remainder don’t know what it is. Awareness was higher in the eurozone compared to non euro countries, but then the ECB has been promoting it.
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