Americans hardly give credit to Facebook’s Libra

Posted 24 July, 2019

CivicScience revealed study in which it was discovered that the Americans are mostly not ready to buy Libra cryptocurrency from Facebook due to distrust of the project and the social network.

The company conducted a survey during which it questioned 1799 people. Only 5% of them answered that they are interested in the new altcoin and Calibra cryptocurrency wallet. This part was mainly represented by young people from 18 to 24 years old who have experience in using mobile payment applications such as Venmo and Apple Pay. At the same time, the remaining part (about 85%) negatively disposed towards the Facebook initiative.

Experts said that they conducted another survey among 2,100 Americans in July with the majority of which (79%) knew such cryptocurrencies as Bitcoin, Litecoin, Ethereum and Ripple. At the same time, only 6% have ever invested in digital money, though "3% invested and like it; 3% invested but don’t like it."

According to CivicScience, most people consider cryptocurrencies as a long-term investment, rather than a means of payment. Besides, 40% of respondents expressed “much more” trust in Bitcoin and other digital money than in the Libra project.

Earlier, it was reported that the Federal Data Protection and Information Commissioner (FDPIC) stated that it has not yet received a response on its information request from Facebook.

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25 July, 2019 11:18

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