[location-weather id="7878"]

Infographic: Most Australians distrust Facebook Libra

17 October, 2019 | 
Pureprofile 

Recent news of the high-level exodus at Facebook’s Libra project has once again shone a light on the viability of the social networking giant’s planned digital currency.
Libra partners including PayPal, Visa and Mastercard, Stripe, eBay and Booking Holdings have abandoned it.
The LA Times reported that the partners became wary of the project after regulators and politicians across the globe warned that a mass-market digital currency could pose a threat to the financial system, as well as lead to money laundering and increased financing for terrorism.
At a consumer level, concerns over Facebook’s latest project are evident. In July, Pureprofile polled almost 1,000 Australians and found:

  • 64 per cent of respondents don’t trust Facebook with their money and financial information
  • 76 per cent said they don’t trust Facebook as much as traditional financial institutions 
  • 53 per cent said regulators shouldn’t allow Facebook to operate a virtual bank
  • Only 10 per cent of respondents said they were likely to make transactions using Facebook Libra

The infographic below represents further key findings from the research:
Infographic: Most Australians distrust Facebook Libra
This data was also used to inform a story in the technology section of The Australian.
Make headlines with Pureprofile research. Contact us today. 

Share this infographic on your website

Continue Exploring

More data, insights and media from the experts

In the news

Charity begins … in North American skies

Originally published: Corporate Jet Investor, 06 October 2024 So, you’ve just bought your new business jet (cheaper models are available), what next? Many years of safe, secure and luxurious private and

SIGN UP NOW

Stay up to date with our latest news, insights and trends reports

SIGN UP NOW

Stay up to date with our latest news, insights and trends reports