Cryptocurrency, beeing developed by 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 of Diar.
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 own Facebook coin, they’ll probably be looking to countries with underdeveloped financial infrastructure, similar to how the company did it earlier in India with WhatsApp Pay.
With only 10% of Facebook’s user base in the US, the most likely scenario would be to address as many fiat currencies as possible.
According to media reports, Facebook intends to launch the GlobalCoin in the first quarter of 2020.