New Report Suggests Facebook’s Data Scandals Will Impact Trust in its Libra Currency Offering

Facebook’s vision of creating an alternative currency that will better connect the world through its platforms could face some significant challenges in take-up – and that’s before you consider the regulatory concerns already raised by officials.

In order to measure the public’s interest in Facebook’s coming Libra currency, and whether people actually intend on using it, messaging and calling app Viber commissioned a survey of 2,000 people in the US and UK(1,000 in each region) to get their impressions of the option.

And the results – as you might expect given Facebook’s more recent track record on data security and privacy – are not overly positive.

In the US, Viber’s research found that nearly half of all Americans say that they would not trust Facebook at all in regards to keeping their information secure – while less than 3% of Americans say they would be willing to try Libra for payments.

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