Altcoin News: Chinese Residents Shows Increased Interest for Facebook’s Libra

July 18, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

China has unexpectedly become one of the leaders in the field of public interest in the cryptocurrency Libra developed by Facebook, CoinDesk points out.

Although cryptocurrencies are banned in China, as is Facebook itself, the number of Libra-related queries in the country’s largest search engine Weibo is growing rapidly. Currently, Facebook’s cryptocurrency ranks third, recently dropping from the second.

Image credit: CoinDesk

A similar picture reflects the statistics of search queries in the Google Trends service. The most active in the Google system for the keywords “Facebook Libra” users showed during the announcement of the project on June 18. At present, China is confidently leading in the context of the popularity of the query by region, the United States is in 33 positions.

Image credit: Google Trends

It is also interesting that the search query “Facebook Libra Regulation” is still insufficiently popular for determining geographic trends, despite the active discussion of this topic in the media. At the same time, users are actively looking for information about the cryptocurrency rate, which can be left for more than a year before its launch. By “Facebook Libra Price” query leads Singapore, South Africa and Pakistan.

Image credit: Google Trends

In general, interest in Libra at Google remains insignificant against the background of search queries related to Bitcoin.