A recent survey indicated that users will barely use Facebook's next stablecoin, Libra, due to lack of confidence, as it was released on July 1 in that report.

In the survey, more than 800 respondents were included, four out of five people chose "Unlikely" or "Very Unlikely" when asked if they would buy Libra. 45% of the respondents explained that they were not willing to buy the currency due to lack of confidence in Facebook, unless the company did not have access to their transaction data.

Almost 40% of the respondents indicated that they already have a mobile payment wallet, which excludes the need to use the associated digital wallet of Libra, "Calibra". It is not to be expected that Libra will replace existing forms of cashless payments, at least not in the short term and even more so with the inconveniences that the social media giant has presented.

Of respondents who expressed interest in using Libra, 12% said they would spend the currency on goods or services, 14% would send money to friends and family, and 15% would spend Libra on both options.

Under these conditions it is believed that Libra will give foot and allow users to lean more for the use of bitcoin as a payment system between peers, while the uncertainties of global markets are causing investors to go much further to bitcoin as a reserve of value.

Facebook's Libra project should be taken as a step forward to raise public awareness about cryptocurrencies and the blockchain. Having a company like Facebook, with such a large scope and distribution, in all countries of the world is a very positive thing to break paradigms and further strengthen the new socio-economic era.