Facebook's Balance is already ahead of Ethereum, Litecoin and Ripple's XRP – but not in Bitcoin



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Bitcoin has been around for a little more than a decade, while its biggest competitors, the ethereum, litecoin and XRP of Ripple, badail for seven or four years-But all bitcoin backups are already be eclipsed by the cryptocurrency of Libra still to be launched from Facebook. & nbsp;

The price of bitcoins has & nbsp; increased & nbsp; in the last few months as interest surrounding the planned social media giant Facebook's proposed Libra reaches fever level but swung wildly as global regulators sweep over Facebook's ambitions.

Now a new poll has revealed & nbsp; there is "substantial" public interest for Facebook's potential rival, bitcoin, despite a lack of confidence in the company& nbsp;with people already more familiar with him than Ethereum, Ripple's litecoin and XRP.

Facebook founder and CEO Mark Zuckerberg may have some work to do to convince US and global regulators of the potential of Libra, but the general public could already be there.

Getty

Bitcoin and Facebook's Libra were sensitized by US President Donald Trump last week when he tweeted his opposition to both technologies& nbsp; but he may have inadvertently introduced the idea of ​​bitcoin and crypto-currencies to a whole new audience.

A new study by eToro, an American broker, has revealed that while 58% of American adults have heard of bitcoin, the first and largest cryptocurrency, the balance of Facebook is already known to 16% of Internet users.– just a month after it was & nbsp;unveiled.

Ethereum, the second largest cryptocurrency, has only gained 12% of recognition since it went online in July 2015 and it can be badumed that smaller crypto-currencies, such as Ripple's litecoin and XRP, are even less well known.

"We believe that the crypto and blockchain technology that will underpin it will be critical to tomorrow's economy," said Guy Hirsch, eToro's US General Manager. "By introducing the concept into a new

public, the balance could play a vital role in the evolution of decentralized and more democratized finances. "

The price of bitcoins has risen so far this year, largely because of the interest in cryptocurrencies of Facebook and the world's largest technology companies.

Coindesk

At the same time, the survey suggests that some people might not want to trust Facebook to properly handle payments, perhaps because of its persistent data-sharing scandal.

Just over half (54%) of the 600 respondents expressed doubts about Facebook's handling of their personal data, but only 17% said they would be willing to trust Facebook with their money. in the same way that they trust their banks.

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Bitcoin has been around for a little over 10 years, while its biggest competitors, Ethereum, Litecoin and XRP from Ripple, have been making a difference for seven or four years.-But all the backups in bitcoins are already overshadowed by the cryptocurrency of the library still to launch from Facebook.

The price of bitcoin has surged in recent months, while the interest in the grandfather scale project predicted by Facebook, the social media giant, has peaked, but it has fluctuated sharply so that global regulators were sweeping over Facebook's ambitions.

A new survey revealed that Facebook's potential competitor, the bitcoin of the Web, was attracting "substantial" interest, despite a lack of confidence in the company. with people already more familiar with him than Ethereum, Ripple's litecoin and XRP.

Facebook founder and CEO Mark Zuckerberg may have some work to do to convince US and global regulators of the potential of Libra, but the general public could already be there.

Getty

US President Donald Trump sensitized Bitra and Facebook to Facebook's Balance last week, when he tweeted his opposition to both technologies, but he may have inadvertently introduced the idea of ​​bitcoin and crypto-currencies to a all new public.

A new study by eToro, an American broker, revealed that while 58% of American adults had heard of bitcoin, the first and largest cryptocurrency, Facebook's balance is already known to 16% of people.Just a month after unveiled.

Ethereum, the second largest cryptocurrency, has only gained 12% of recognition since it went online in July 2015 and it can be badumed that smaller crypto-currencies, such as Ripple's litecoin and XRP, are even less well known.

"We believe that the crypto and blockchain technology that will underpin it will be critical to tomorrow's economy," said Guy Hirsch, US CEO of eToro. "By introducing the concept into a new

public, the balance could play a vital role in the evolution of decentralized and more democratized

The price of bitcoins has risen so far this year, largely because of the interest in cryptocurrencies of Facebook and the world's largest technology companies.

Coindesk

At the same time, the survey suggests that some people might not want to trust Facebook to properly handle payments, perhaps because of its persistent data-sharing scandal.

Just over half (54%) of the 600 respondents expressed doubts about Facebook's handling of their personal data, but only 17% said they would be willing to trust Facebook with their money. in the same way that they trust their banks.

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