RATE Group | China Appears Very Interested In Facebook’s New Cryptocurrency
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China Appears Very Interested In Facebook’s New Cryptocurrency

18 Jul China Appears Very Interested In Facebook’s New Cryptocurrency

Posted at 22:56h in Cryptocurrency News by

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China came in first place for the highest number of Google searches for Facebook’s new cryptocurrency plan, Libra, since the company published its white paper on June 18.

The country reached Google’s maximum value of search interest at a query popularity rate of 100 for Libra over the last month, according to Thursday data from Google Trends.

The cryptosystem, which is expected to launch by next year, will allow Facebook users to send money to their contacts — even those who live in different countries — in just seconds through a regulated subsidiary called Calibra.

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The search results come one day after Libra chief David Marcus attended a four-hour congressional hearing in Washington, D.C., Wednesday to answer questions about the cryptocurrency system’s risks.

Marcus said during the hearing that Facebook must attempt to lead the world in blockchain technology because if it fails to do so, systems from foreign countries like China…

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