Nearly half of the UK and Americans don't believe in Facebook's Libra

According to Telecoms.com, almost half of Americans and Brits don't trust Libra, the social media giant's Facebook cryptocurrency .

According to a survey from the instant messaging app Viber, 49% of UK and US users said they would not trust Facebook in terms of digital currency. These respondents said that when using Libra, they would not believe that Facebook could ensure the security of their private information.

In the UK, 28% of respondents said they were undecided, and only 4% said they would trust Facebook. The results of the survey in the United States are similar to those in the UK, with only 2.5% of respondents saying they would trust Facebook.

Facebook's encryption project, Libra, has been in a regulatory storm since its release on June 18. In the past week, Federal Reserve Chairman Powell, US President Trump, and the finance ministers and central bank governors of the United States, Britain, France, Germany and other countries have raised concerns about Libra's development and supervision. At the Libra hearing held in the US Congress on July 16th and 17th, it was full of challenges and doubts about Libra.

While Facebook claims that Libra's digital wallet Calibra "will have sufficient protection to protect users' money and information," experts and policy makers have expressed doubts about users' data privacy and security.

Although users don't trust Facebook's cryptocurrency Libra, the data shows that Facebook's user engagement has been growing since 2019.

Facebook advertising tool Audience Insights said Facebook’s median user reviews, likes and clicks on ads increased between January and July. The data shows that the participation of Facebook users in the United States has increased significantly, from 6 comments, 9 likes and 13 ad clicks on January 3 to 8 comments, 13 likes and 17 ads on July 18. Click.

Image source: pixabay

By Xiu MU

This article comes from the push bitpush.news, reproduced need to indicate the source.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Interpreting FTX's preliminary restructuring plan Cash compensation is adopted, excluding FTT holders.

At present, the restructuring plan of FTX is still in its early stages. The team will submit a revised plan and discl...

Blockchain

Using data to review 2019 of decentralized exchanges

Author: Alethio Translation: A Jian Source: consensys Translation source: Ethereum lovers Monero’s Community Crowdfun...

Market

Interview with Circle CEO by Fortune What role does stablecoin play in the cryptocurrency market?

This article discusses the differences between the cryptocurrency crash in 2022 and the late 1990s internet bubble, t...

Opinion

What happened during the first week of the SBF case in a comprehensive article?

In the first week of the trial, SBF found itself in a difficult situation with almost all the testimonies and public ...

Blockchain

Bitcoin's soaring population: the mining giant ushered in the spring exchange to die in the cold winter

After experiencing a downturn last year, the price of the world's largest digital cryptocurrency bitcoin began t...

Blockchain

Starting to decentralize the game platform: Is it a good day to break the monopoly?

On May 31 , Xiao Xiao invited the founding partner of Xingyao Capital, Liu Jiang, founder of Xingheng Education, Chen...