People in US Trust Bitcoin More Than Facebook’s Libra: Report

Compared with bitcoin, people in the U.S. don’t trust Facebook’s anticipated new stablecoin Libra, according to a new survey. In the poll of 1,799 U.S. adults carried out since Facebook’s white paper launch in mid-June, consumer insights provider CivicScience found that, of those that expressed a view, just 2 percent felt they would trust Libra and its Calibra wallet more than bitcoin. By comparison, a hefty 40 percent said they’d trust the public cryptocurrency more, while 19 percent said they’d trust both options about the same. From the surveyed group, less than 10 percent had actually bought cryptocurrencies, CivicScience pointed out.

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