Survey: the overwhelming majority of US residents do not inspire confidence in Libra

by in Cryptocurrency News

People more trust Bitcoin than Libra

According to a survey conducted by CivicScience, the overwhelming majority of US residents do not inspire confidence in the upcoming digital currency, Libra.

The survey involved 1799 adults in the United States. Only 2% of respondents said they trust the Libra project more than Bitcoin. It also turned out that 40% of respondents feed the most confidence in the first cryptocurrency and altcoins. At the same time, 19% of survey participants said that they equally trust both Libra and BTC, as well as other cryptocurrencies based on public blockchains.

Apparently, Facebook’s reputation for storing user data and, in particular, the scandal with Cambridge Analytica, was reflected in the survey results. Thus, 77% of respondents said that they lack confidence in the largest social network in the context of personal data security. And again, only 2% said they fully trust Facebook.

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86% of respondents absolutely do not have confidence in the Libra project and Calibra wallet. Only 5% are interested in a new initiative.

A significant proportion of those most interested in Libra (30%) are young people in the age group from 18 to 24 years. Many of them are actively using the social network Facebook, as well as mobile payment applications like Venmo and Apple Pay.

The next large age group (18%) consists of interested Libra participants aged from 25 to 29 years. The least interested in the new project is the older generation, especially those over 65.

As for traditional cryptocurrencies, 79% have heard about Bitcoin and Altcoins. However, most Americans have not invested in new assets and do not even plan