Cryptocurrency | Facebook Coins Will Not Become Mainstream

According to a survey conducted by financial services Jefferies, Facebook users in America will not use Libra stable Facebook due to lack of trust.

In a survey attended by 600 participants, four out of five people chose "Impossible" or "Very Impossible" when asked whether to buy Libracoin. 45% of respondents will not buy Libra coins because they lack trust in Facebook unless they do not have access to their transaction data.

About 40% of participants reported that they already had a cellular payment wallet that prevented them from using Calibra, (Libra coin purses), "Effectively, without substantial network effects, we don't expect Libra to replace existing forms of cashless payments - at least not in the near future. "

Of the respondents who are interested in using Libra, 12% will be used for goods and services, 14% will send money to friends and family, and 15% will accelerate Libra in both options.

Ryan Waldoch of Finding Alpha explained that "I believe that Libra will allow users to be more inclined to use bitcoin as a peer-to-peer payment system while uncertainty in global markets makes investors flock to bitcoin as a store of value."

Teck Chia, a partner at Binance Labs, said that the Libra project would raise public awareness about crypto. "I think having a company like Facebook, with exceptional reach and distribution, to all countries around the world - makes them interested in cryptocurrency and launches it very, very positively for our industry," Chia said.

Source: coin telegraph

Don't have Bitcoin? Buy it now at Coinbase, or get 14 USD for free here and buy a trusted hardware wallet HERE
Cryptocurrency | Facebook Coins Will Not Become Mainstream Cryptocurrency | Facebook Coins Will Not Become Mainstream Reviewed by sheffter on July 05, 2019 Rating: 5

1 comment:

  1. If you are looking for the method how to cash out bitcoins to paypal account in short time then you need to do this simple task and you will receive your money in paypal account. we are currently working on a project regarding bitcoin payment methods. there are few option for you to cash your bitcoins and we are working on payment method to introduce new method however all old methods we are offering are genuine and working. we are providing fast services to our customers do v!sit and conform your exchange.


Powered by Blogger.