In an increasingly technological and highly online-oriented world, the growth of digital currencies seems almost inevitable. So much so that banks are warning of the possibility that digital currencies, for example, will replace the dollar within five years.

The warning was given that the banks themselves should be aware of the possibility and prepared.

According to a recent survey of financial industry executives by the consulting firm Deloittedigital assets (as is the case of cryptocurrencies) will probably replace fiat currencies - according to the Observer, this is the name given to currency issued by states when it is not convertible into a precious metal - within five to ten years.

"Deloitte's Global Blockchain Survey 2021 states that banks must embrace their inevitable digital future. In a seismic shift, financial leaders increasingly see digital assets as the future," the report noted.

Furthermore, 76% of respondents also stated that "digital assets will serve as a strong alternative, or a definite replacement for fiat currencies in the next 5-10 years." This figure indicates that the growth of digital currency could be right around the corner, and those who don't embrace it could come out on top.

"Participation in the age of digital assets is not an option, it is inevitable. [...] Leaders are left only to decide how to use digital assets and the new global financial services infrastructure to their greatest benefit," the report concluded.

After all, in a trend that is expected to grow, money is increasingly being stored on digital media, so organizations and investors are looking for new ways to adapt.