85% expect cashless future in 10 years: Survey

As business leaders prepare for a cashless economy in which crypto could play a larger role, the ability to protect customer and client data remains a concern. 

About a third of executives expect the shift to a cashless economy to occur in the next five years, according to a survey published by consulting firm Protiviti and Oxford University. 

Roughly 85% expect such a future to come 10 years from now, with 87% expecting assets like bitcoin, ether and tether to impact their businesses.

The survey, conducted between July and September gathered responses from 251 board members, C-suite executives and other business leaders in North America, Europe and Asia. 

Cory Gunderson,…

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