Almost three-quarters of German consumers would not use Facebook's planned digital currency
Only 27 percent considered using Libra
On Oct. 17, Cointelegraph in German reported that out of 2,000 Germans aged 16 and over, only 27% would ever consider using the social network's stablecoin as a means of payment at home or abroad.
news magazine and Creditplus Bank AG. The results indicate that 73% completely reject the idea of being a digital currency – 42% because they do not trust Facebook as a company and 31% because they only have trust in state-controlled currencies.
The rejection of Libra among The over-35 age group is significantly higher than among younger consumers. Of those who were 55-plus, 85% said it's impossible to do anything with the digital Facebook currency. Libra finds its biggest support in the age group between 22 and 34 years.
German finance minister rejects Libra
Germany is obviously not the biggest fan of Facebook's Libra coin. Cointelegraph reported in September that German finance minister Olaf Scholz said that policymakers can not accept parallel currencies as proposed by Facebook's proposed Libra stablecoin.
United States Senator supports Libra
United States Senator Mike Rounds wrote to Nathan McCauley, president of Crypto Custodian Company Anchorage Trust, "Dwarfing" the United States United States in innovative payment technologies. Cointelegraph reported that he was happy with his chat with the hostel on Facebook's Libra stablecoin. Rounds wrote about McCauley:
"It is profoundly disappointing that my colleagues chose to address their peers in such an ominous tone, which I fear may put a chill on innovation in the long run."