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Facebook Coin More Popular than BTC in the US

Facebook Coin More Popular than BTC in the US
Breaking News / Bitcoin / Crypto Market

In a recent study by LendEDU that shows adult Americans might not be all that interested in the crypto market or the assets that it offers. Despite this, there are a lot of people looking forward to the stablecoin launch announced by Facebook.

A New-Jersey based website that lets consumers compare loans for business purposes, studies and so on, has recently conducted a round of research which shows that there is a high interest towards the new stablecoin from the biggest social media platform out there, Facebook Coin.

Yes, it seems Americans prefer the unreleased cryptocurrency compared to investing in something like Ethereum, XRP or even Bitcoin.

As reported by Ethereum World News:

“Numerous analysts, financial gurus and investors promise that 2019 is going to be much more fortunate for the crypto industry. Indeed, over the past few weeks, Bitcoin has made some major gains, peaking at the $8,000 level recently and pulling the whole market along up the charts.”

This year has seen a lot of major companies - which previously considered Bitcoin and other cryptocurrencies to be fraudulent or a kind of bubble - change their thoughts and are currently working on their own digital coins or, in some cases, have already launched their own.

JP Morgan is the best example of this as the banking giant has now started work on its very own JPM Coin.

Then there’s Facebook.

Project Libra

Even as Bitcoin corrected itself below the $8,000 mark earlier today, a lot of enthusiasts have got their eyes pointed on Facebook.

The survey from LendEDU was conducted on a thousand US citizens and found that seven percent of them have actually invested in cryptocurrency. But eighteen percent of the respondents were more interested in Facebook’s stablecoin because there is more potential there for real-world use.

Most of the participants actually have more trust in Facebook too rather than other crypto coins in the market.

“Facebook has the ability to tap into a considerable percentage of Americans (and their bank accounts) that have alluded the biggest virtual currencies like Bitcoin, Ethereum, and Ripple. Our data seems to indicate that this is in large part due to Facebook’s potent brand.”

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