Tuesday , June 15 2021

Bitcoin attracts more public interest than Libra and other cryptocurrencies | CryptoNews

Bitcoin (BTC) started the cryptocurrency brand and has been slightly more than a decade, while its biggest competitors are: ethereum (ETH), litecoin (LTC) and ripple (XRP), between four and seven years old. . But all these cryptocurrencies, with the exception of bitcoin, are being destroyed by Facebook Pound, even though it is still waiting to launch.

The bitcoin price has gone up in the past month & # 39; A Libra cryptocurrency, hosted by the social media giant, Facebook, reached a fussy tone, but this has been widely distributed as world regulators' hot water on the ambitions of the first social network in numerous subscribers.

Now, a new study has been found that is a "substantial" public interest in Facebook's potential as a bitcoin rival, Despite the lack of trust in the business, there are still more people familiar with Libra than with Ripple's ethersum, litecoin and XRP.

Bitcoin and Libra last week increased the attention of US President Donald Trump, when he hit Twitter's resistance against both technologies via Twitter. But Trump was able to introduce the idea of ​​bitcoin and cryptocurrencies per crash to a whole new audience.

A new survey conducted by brokerage firm eToro found that while 58% of adults in the United States have heard about bitcoin, the first and largest cryptocurrency in branding, while Libra de Facebook is already known by 16% of & # 39; people, just a month after & # 39; it was announced.

Either way, the second largest cryptocurrency, has achieved only 12% recognition since it was launched in July 2015, and it could be assumed that smaller cryptocurrencies such as Litcoin and Ripple's XRP are even less well known.

We believe the cryptography and blockchain technology will help it be essential for tomorrow's economies. By presenting the concept to a new audience, Libra could play an important role in the evolution of decentralized and more democratic finances.

Guy Hirsch, executive director of eToro.

Meanwhile, the study suggests that it is possible that people are not ready to rely on Facebook to manage payments properly, perhaps because of their ongoing scandal over the exchange of personal information from users.

Of 600 participants, a little over half (54%), have serious doubts about Facebook's personal information management, and only 17% of them indicated that they were ready to trust their money to Facebook in the same way they do with their respective banks.

Translated version of Billy Bambrough's article, published in Forbes

Source link