Market Analysis

Survey: Americans prefer Facebook Coin over Bitcoin and Ethereum

In a survey reported by Bloomberg, it indicates that Americans prefer Facebook coin over Bitcoin and Ethereum. The media buzz surrounding virtual currency has changed, and virtual currencies are quietly moving towards stabilization and legitimization.

Facebook has been working its way into the cryptocurrency space. It’s been working on its digital coin that its users can use to send to each other. Additionally, the currency will enable users to make purchases across the internet and on the Facebook market place.

With over 1.5 million active users daily, Facebook virtual currency has endless potential to fulfil its customers’ needs. In a recent survey, an exciting trend is coming up, and customers who have never invested in cryptocurrency would be interested in investing in Facebook’s virtual currency.

In the survey, 7% of the respondents have invested in cryptocurrency such as Bitcoin. 59% were interested in getting involved with a virtual currency created by Facebook, and 30% had no interest in either Bitcoin or the Facebook virtual currency. Americans prefer Facebook coin over Bitcoin and Ethereum.

Customers interested in investing in the Facebook virtual currency had a reason to buy into the cryptocurrency compared to those with no interest and cited Facebook as partly why. 57% would invest in the Facebook virtual currency because they trust Facebook to deliver reliable products compared to other cryptocurrency companies. 27% of those who could not invest state their lack of trust in Facebook, especially handling their money.

This is a positive indicator for Facebook aspirations to become a significant player in virtual currency. A few individuals think that a Facebook cryptocurrency would struggle to gain traction and trust amongst investors following the scandals and security issues it has experienced in the past.

Facebook’s virtual currency would allow its users and those investing in the company’s coin utilize Facebook marketplace to a whole new level. The survey indicated that Americans preferred Facebook coin over Bitcoin and Ethereum, and they would comfortably invest in the Facebook coin.

 Do you think Bitcoin and Ethereum will lose to the Facebook coin?

You may also be interested in:

The Approach of Facebook Coin (FBcoin)

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coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.