Surveys Claim That Facebook’s Libra Coin Lacks Interest Among Us Users

According to a recent survey by CivicScience, people in the U.S. don’t trust Facebook’s anticipated new stable coin Libra, compared to Bitcoin.

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US-based polling company CivicScience recently conducted a survey of 1,799 American adults to analyze the trends and public reviews over Facebook’s digital asset Libra.

According to survey results released on July 22, the majority of 40% claimed that they’d trust the public cryptocurrency more, while 19 percent said they’d trust both options about the same.

CivicScience highlighted that from the surveyed group, less than 10% actually owned cryptocurrencies.

The recent Cambridge Analytica scandal due to Facebook’s poor track record on preserving user privacy, was also evident in the results, with 77% saying they did not trust the firm with their personal data at all. Thus overall only 2% said they trust Facebook a lot.

CivicScience conducted another ’s poll via messaging application Viber. The results showcased that 49% of respondents in the United Kingdom and the United States do not trust Facebook when it comes to its own digital currency. 

On the other hand, on July 23, German financial association Burgerbewegung Finanzwende published another survey indicating which resulted in 71% of German citizens are doubtful about Facebook’s Libra, while only 12% accept it.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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