Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

Comments Off on Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

Bitcoin has been around for a little over a decade, while its biggest competitors ethereum, litecoin, and Ripple’s XRP have been knocking around for between seven and four years—but all save bitcoin are already being eclipsed by Facebook’s yet-to-launch libra cryptocurrency.

The bitcoin price has surged over recent months as interest surrounding social media giant Facebook’s planned libra project reached fever-pitchbut has swung wildly as global regulators poured cold water on Facebook’s ambitions.

Now, a new survey has found there is “substantial” public interest in Facebook’s potential bitcoin rival, despite a lack of trust in the company, with people already more familiar with it than ethereum, litecoin and Ripple’s XRP.

bitcoin, bitcoin price, ethereum, ethereum price, Litecoin, Ripple, XRP, Facebook, Libra, image

Facebook founder and chief executive Mark Zuckerberg might have his work cut out to convince U.S. and global regulators of libra’s potential, but the general public might already be on board.

GETTY

Bitcoin and Facebook’s libra were given an awareness boost by U.S. president Donald Trump last week when he tweeted his opposition to both technologies but he may have inadvertently introduced the idea of bitcoin and cryptocurrencies to a whole new audience.

New research, carried out by U.S. brokerage eToro, has found that while 58% of the U.S. adults have heard of bitcoin, the first and largest cryptocurrency, Facebook’s libra is already known by 16% of people—just a month after it was unveiled.

Ethereum, the second-largest cryptocurrency, has achieved only 12% recognition since it went live in July 2015 and it can be assumed that smaller cryptocurrencies litecoin and Ripple’s XRP are still less well known.

“We believe that crypto and the blockchain technology that underpins it will be essential to tomorrow’s economy,” said Guy Hirsch, U.S. managing director of eToro. “By introducing the concept to a new audience, libra could play a vital role in the evolution of decentralized and more democratized finance.”

bitcoin, bitcoin price, ethereum, ethereum price, litecoin, ripple, xrp, facebook, libra, chart

The bitcoin price has been climbing so far this year, largely due to interest in cryptocurrencies from Facebook and the world’s biggest tech companies.

COINDESK

Meanwhile, the survey suggests that people may not be willing to trust Facebook to correctly manage payments, perhaps due to its on-going data-sharing scandal.

A little over half (54%) of respondents, out of some 600, expressed doubts over Facebook’s management of their personal data but only 17% indicated they would be willing to trust Facebook with their money the same way they trust their banks.

[“source=forbes”]

Lili

Related Posts

Facebook sues over sales of fake accounts, likes and followers

Comments Off on Facebook sues over sales of fake accounts, likes and followers

FTC hits Facebook with $5 billion fine and new privacy checks

Comments Off on FTC hits Facebook with $5 billion fine and new privacy checks

Facebook’s Pivot Confirms Our ‘High-Touch’ Future

Comments Off on Facebook’s Pivot Confirms Our ‘High-Touch’ Future

Instagram and WhatsApp will add ‘from Facebook’ to their names

Comments Off on Instagram and WhatsApp will add ‘from Facebook’ to their names

2018 is coming to end so why are we not dating on Facebook, where is Facebook Dating?

Comments Off on 2018 is coming to end so why are we not dating on Facebook, where is Facebook Dating?

Facebook Had a Very Bad Week Last Week, and Things Did Not Improve Today

Comments Off on Facebook Had a Very Bad Week Last Week, and Things Did Not Improve Today

Facebook is a law-breaking “digital gangster,” UK government report says

Comments Off on Facebook is a law-breaking “digital gangster,” UK government report says

The FTC is reportedly divided about how to hold Facebook accountable for privacy lapses

Comments Off on The FTC is reportedly divided about how to hold Facebook accountable for privacy lapses

Confidential emails sent by Facebook executives leaked online

Comments Off on Confidential emails sent by Facebook executives leaked online

AirAsia CEO quits Facebook over Christchurch videos

Comments Off on AirAsia CEO quits Facebook over Christchurch videos

Facebook cuts off independent political ad reviewers, claims security concerns

Comments Off on Facebook cuts off independent political ad reviewers, claims security concerns

Facebook ‘to be fined $5bn over Cambridge Analytica scandal’

Comments Off on Facebook ‘to be fined $5bn over Cambridge Analytica scandal’

Create Account



Log In Your Account