Facebook's cryptocurrency, Libra, may not have been launched yet, but the public is already more familiar with it than most other crypto curves, according to new research.
Brokerage giant, eToro, conducted a survey that found that there is "significant" awareness among the general public about Libra.
The company found 1
The data was generated from a sample of about 600 respondents and for the first time published briefly by Forbes.
"We believe that the crypto and the blockchain technology that supports it will be crucial to tomorrow's economy," said Guy Hirsch, US president of eToro Forbes.
"By introducing the concept to a new audience, libra could play an important role in the development of decentric alpine and more democratic finance." with 58% of people who know what it is.
Trust in a Big Problem
According to the report, eToro has also found that Facebook faces important trust issues regarding Libra.
54% of respondents had concerns about how tech giant would handle their personal data.
Only 17% of respondents said they would rely on Facebook as much as their banks.
Has Trump's tantrum increased Libra's popularity?
When Donald Trump blew Libra in a tweet to his 62 million followers, there can be no doubt that millions were exposed to the new crypto competition for the first time. 19659004] "Facebook Libra's" virtual currency "will have little standing or reliability," Trump tweeted. "
" If Facebook and other companies want to become a bank, they must seek a new Bank Charter and be subject to all banking regulations, just like other banks, both national and international.
"We only have a real currency in the United States and it is stronger than ever, both reliable and reliable."
"It is by far the most dominant currency anywhere in the world, and it will always be so. It's called the United States Dollar!"
. Similarly, Facebook Libra's "virtual currency" will have little standing or reliability. If Facebook and other companies want to become a bank, they must seek a new bank treaty and be subject to all bank settlements, just like other banks, both national …
– Donald J. Trump (@realDonaldTrump) July 12 , 2019