Cryptocurrency, the work of which is the world's largest social network Facebook, may be faced with a shortage of investors, as the audience of the platform is becoming increasingly age. This assumption was made by researchers Diar.
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• 'Big Money' Accumulates #Bitcoin Driving Bull Market Return
• Demographic Challenges for Facebook ' #cryptocurrency ' https://t.co/p192GWV3P8– Diar (@DiarNewsletter) May 28, 2019
As noted in the report, more than half of Facebook users are over 35 years old, who are often not as knowledgeable about cryptocurrencies and their capabilities as the younger generation.
In addition, to launch your own Facebook coin, you’ll probably be looking to countries with underdeveloped financial infrastructure, similar to how the company did it earlier in India with WhatsApp Pay.
"Given that in the US, only 10% of Facebook users, the most likely scenario would be to appeal to the largest possible number of fiat currencies," the report says.
Recall, according to media reports , Facebook intends to launch GlobalCoin cryptocurrency in the first quarter of 2020.
You can read about the launch of the largest social network of your own coins for the world, in the exclusive material BlockchainJournal .
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