LendEDU Survey Shows 17% Americans Are Interested In Buying Facebook Cryptocurrency Coin


Stablecoins are more popular than ever and now a survey shows that a Facebook Coin would be the perfect catalyst to drive mass adoption of cryptos. In a survey done by LendEDU showed that currently, only 7% of adult Americans have ever invested in digital assets, however, 18% would be interested in investing in crypto by facebook.

Companies are already creating stablecoins and other tradable blockchain-based crypto assets instruments. A good example here is the JP Morgan banking giant that has now fired away its own JPM Coin. Thus, they are integrating blockchain technology into their digital wallets and payment systems. Stablecoins minted by large companies such as Facebook could significantly disrupt the payment and crypto industry worldwide.

Facebook user-base of over 1.5 bln people worldwide. Many participants of the survey have said that the ‘FB Coin’ will be not only used for remittance to India via WhatsApp but it is more likely to mutate Facebook’s marketplaces in the future. An of now, people buy and sell goods on Facebook, and the survey members believe that ‘FB Coin’ will be actively used for that, as well as for other purposes within the social network.

The blog post announcing the survey results says:

“Facebook has the ability to tap into a considerable percentage of Americans (and their bank accounts) that have alluded the biggest virtual currencies like Bitcoin, Ethereum, and Ripple. Our data seems to indicate that this is in large part due to Facebook’s potent brand.”

65% of the respondents that were interested in investing in the Facebook currency indicated that they already have used the Facebook Marketplace to buy and sell products. 73% of those participants admitted that a Facebook coin would increase their participation in trading on the site. 63% of those 35% respondents that have yet to use the marketplace revealed that they would likely start to use the Facebook Marketplace if they can utilize the Facebook-created crypto on the platform

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