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Facebook Libra is Towards Ethereum, Litecoin, and Ripple's XRP – But Not Bitcoin




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Bitcoin has been around for more than a decade, while its biggest competitor ethereum, litecoin, and XRP Ripple have knocked between seven and four years – but all saving bitcoin is already defeated by Facebook libra cryptocurrency that has not been launched.

Bitcoin prices have been & nbsp; soaring & nbsp; in the past few months as interest around the libra project social media giant planned for Facebook reached its peak but it has swung wildly as global regulators pour cold water on Facebook's ambitions.

Now, new surveys have found & nbsp; there is a "big" public interest in Facebook's potential bitcoin rivals, despite the lack of trust in the company, & nbsp; with people who already know him better than ethereum, litecoin, and XRP Ripple.

Facebook founder and chief executive Mark Zuckerberg might stop his work to convince the US and global regulators about the libra's potential, but the general public might already be in it.

Getty

Bitcoin and libra Facebook are given an awareness boost by the U.S. president. Donald Trump last week when he was tweeted his opposition to both technologies& nbsp; but he might accidentally introduce the idea of ​​bitcoin and cryptocurrency to an entirely new audience.

The new research, conducted by US eToro brokers, has found & nbsp; that while 58% of US adults have heard & nbsp; hear bitcoin, the first and biggest cryptocurrency, Facebook libra is already known by 16% of people – only a month later it has been & nbsp; launched.

Ethereum, the second largest cryptocurrency, only achieved 12% recognition since it aired in July 2015 and it can be assumed that cryptocurrency with smaller litecoin and Ripple XRP is still less well known.

"We believe that crypto and blockchain technology that supports it will be very important for the future economy," said Guy Hirsch, eToro US managing director. "By introducing this concept to a new audience, libra can play an important role in decentralized and more democratic financial evolution."

Bitcoin prices have risen so far this year, largely due to the interest of cryptocurrency from Facebook and the largest technology company in the world.

Coindesk

Meanwhile, the survey shows that people may not want to trust Facebook to manage payments properly, perhaps because of an ongoing data sharing scandal.

A little more than half (54%) of respondents, from around 600, expressed doubts about the management of their Facebook personal data, but only 17% indicated that they would want to trust Facebook with their money in the same way they trusted their banks.

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Bitcoin has been around for more than a decade, while its biggest competitors ethereum, litecoin, and XRP Ripple have been knocked between seven and four years – but all saving bitcoin has been defeated by the Facebook Facebook cryptocurrency that hasn't been launched. .

Bitcoin prices have surged over the past few months as interest surrounding the planned social media giant libra project reaches its peak but has swung wildly when global regulators pour cold water on Facebook's ambitions.

Now, a new survey has found there is "substantial" public interest in Facebook's potential bitcoin rivals, despite a lack of trust in the company, with people who already know them better than ethereum, litecoin and XRP Ripple.

Facebook founder and chief executive Mark Zuckerberg might stop his work to convince the US and global regulators about the libra's potential, but the general public might already be in it.

Getty

Bitcoin and libra Facebook are given an awareness boost by the U.S. president. Donald Trump last week when he tweeted his opposition to the two technologies, but he might inadvertently introduce the idea of ​​bitcoin and cryptocurrency to an entirely new audience.

New research, conducted by US eToro brokers, has found that while 58% of US adults have heard of bitcoin, the first and largest cryptocurrency, Facebook's libra is known to 16% of people – just a month after it was launched.

Ethereum, the second largest cryptocurrency, only achieved 12% recognition since it aired in July 2015 and it can be assumed that cryptocurrency with smaller litecoin and Ripple XRP is still less well known.

"We believe that crypto and blockchain technology that supports it will be very important for the future economy," said Guy Hirsch, eToro US managing director. "By introducing this concept to a new audience, libra can play an important role in decentralized and more democratic financial evolution."

Bitcoin prices have risen so far this year, largely due to the interest of cryptocurrency from Facebook and the largest technology company in the world.

Coindesk

Meanwhile, the survey shows that people may not want to trust Facebook to manage payments properly, perhaps because of an ongoing data sharing scandal.

A little more than half (54%) of respondents, from around 600, expressed doubts about the management of their Facebook personal data, but only 17% indicated that they would want to trust Facebook with their money in the same way they trusted their banks.


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