A majority of people across the world think big tech companies cannot be trusted to issue digital money, according to a global survey that deals a further blow to Facebook’s Libra project. The poll, conducted in 13 countries for the Official Monetary and Financial Institutions Forum, revealed “strikingly low” levels of trust in tech companies in all advanced economies, the think-tank said. Although people in emerging economies were less hostile, a global majority said they would not be confident in digital money issued by the biggest search engines and social media companies, with scepticism highest in Germany, France and the UK. Read More...
A majority of people across the world think big tech companies cannot be trusted to issue digital money, according to a global survey that deals a further blow to Facebook’s Libra project. The poll, conducted in 13 countries for the Official Monetary and Financial Institutions Forum, revealed “strikingly low” levels of trust in tech companies in all advanced economies, the think-tank said. Although people in emerging economies were less hostile, a global majority said they would not be confident in digital money issued by the biggest search engines and social media companies, with scepticism highest in Germany, France and the UK.
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