Would you trust FB with your KYC details?

[42K]

No way. I don't trust FB with my KYC details because its popular and open. Lots of people visit the website. There's no privacy or confidentiality there and its quite not well. Its bad.

[H1N1]

I wouldn't. I don't think this coin will succeed! What do you think?

Why not ? Nowadays it is a common thing that you must submit KYC requirements before investing in a project.
If you sure Facebook project in cryptocurrency will be a great succeed, then KYC is not a problem for you to gain great profit in the future.

[trauchot]

Facebook coin will succeed it's 100% because already a lot of big investors with big companies are investing in Facebook coin and I think that everyone can trust Facebook their personal data. Just not all people will use their coin, so no need worry about fb coin if you will not use it.

[TastyChillySauce00]

I wouldn't. I don't think this coin will succeed! What do you think?

Why not ? Nowadays it is a common thing that you must submit KYC requirements before investing in a project.
If you sure Facebook project in cryptocurrency will be a great succeed, then KYC is not a problem for you to gain great profit in the future.

Even though I'm pretty sure that Facebook has been gathering my data ever since the very first day I joined their facebook services but I'm kinda uncomfortable about giving away my data to them. Most of the people will not have a problem to hands out their important data but mine? I'll prevent it from surfacing in the internet.

[farwellbit]

I wouldn't. I don't think this coin will succeed! What do you think?

So there are people claiming that the Libra coin is the same thing as PayPal, if it's really the same thing as PayPal then what's the need to making use of Libra coin?? That wouldn't make any sense then. If you have PayPal then better to continue making use of the PayPal than switching to Libra and making use of the both of them. This is only going to be useful to those people that are living in places where PayPal services are not available, cause Facebook Libra is likely to be available worldwide anywhere crypto is accepted. As for giving out kyc, that's what I'm not sure on whether I'm going to do yet or not. I haven't got the Libra coin so I know nothing about that for now.

[South Park]

Trusting Facebook is a possibility because we already trust facebook with our information and important social things. Why would we not trust the facebook coin if that is more secured that the social media platform. There's no doubt that facebook libra developer is doing everything to make the coin as secured as possible.

Trusting facebook is a bad idea because there have been security breaches in the past and it is likely this is going to continue, besides as we know facebook can ban you from using their services for any reason they deem worthy of it, even if you just have some unpopular political ideas, if you just had a social media account then it does not matter, but if you have money with them then you will lose access to that money as well and personally I do not want to take such a risk.

[ridha inoue]

if you mean success is coin sold out and active trade i think this coin will success but if you mean is can survive in crypt market, i am doubt with it.
LIBRA is good coin i think, but the problem is not facebook branded but what will it can have a potential to grow bigger.
i don't take any movement for now, i just want to see first what can this LIBRA do.

[monalia]

There is huge expectation for this coin Libra. Even here on this forum also there are many people keep on looking for the releasing date of Libra coin. Firstly I will never do KYC verification for investing any cryptocurrencies or tokens.

Since the number of fools are available in high volume this kind of centralised cryptocurrencies will stay longer.

[bouren]

There is huge expectation for this coin Libra. Even here on this forum also there are many people keep on looking for the releasing date of Libra coin. Firstly I will never do KYC verification for investing any cryptocurrencies or tokens.

Since the number of fools are available in high volume this kind of centralised cryptocurrencies will stay longer.

I don't think there will be any problem while doing kyc on giant like fb. We can trust on the security system of fb at least. Moreover, fb is doing kyc so to ensure that libra coin do not pilferage out of libra ecosystem and don't fall in the hands of market manipulation.

[rozak]

with a big name fb, of course I  believe in doing KYC what's more to get a Libra coin for free of course everyone will do it because the quality of the Libra coin is guaranteed and I am sure that the volume of the Libra coin will be high after launching

[eidoscore]

I wouldn't. I don't think this coin will succeed! What do you think?

Libra is backed by big corporation and facebook get more fund from their partner, i don't think if facebook can leak our data without permission from stakeholder, like previous issue about data leaked, and now facebook are trying to keep their image about privacy user

[frost_wind]

If I understand correctly, then Facebook launches their own stable coin to integrate it into their services. What is the point of buying it at crypto exchange if it is just another one stable coin? We already have tether , usdc , tusd , pax and I don't see a reason to change them for libra. Since I don't use facebook  I absolutely don’t need this coin and I’m not going to go through any verification and share my kyc details

[adekogbe]

Libra coin being a coin of facebook means that it belongs to a centralized company, however companies like finance are also centralized.
I think libra coin will be good irrespective of its facebook connections

[halpi]

sure I won`t. Facebook is one of the most corrupted corporations I have ever seen.
Zuckerberg loves money more than anyone.
Sure I won`t trust them. Will it be successful? Well, probably yes.

[semobo]

I wouldn't. I don't think this coin will succeed! What do you think?

nothing will be safe in this world so I think no one will ready to secure your details properly especially when it comes to social media like Facebook then you will definitely not to trust them that is the fact also.

[Mila52]

The merit of the new project by Zuckerberg will give a big plus to the popularization of cryptocurrency. But Liebra is a centralized coin-stablecoin. Facebook has the worst reputation for storing and protecting users' personal data, often violating their interests, let us recall the recent scandal with the discharge of confidential information of 87 million people! And I don't want to trust my personal and financial documents for the new platform from by FB.

[nikola22]

Facebook often loses users data so it will be silly to give them your KYC details and use their future stablecoin.

[bvg96634]

The coin will succeed, no matter what. We all know Facebook is a very successful platform, and they must have planned this through. Their success is not dependent on anything; they will have an audience and people engaged, even those who are not into crypt; we will also see them getting engaged in crypto.
So many people are using Facebook.  Our info is already out and being used by Facebook, so you need to not to worry about that part buddy.

[JuliaJi]

I think it is not actual, now every organization ask KYC, so if you dont want to give your documents just dont use FB, but they could have them at this moment without you))

[BADBITCH]

I wouldn't. I don't think this coin will succeed! What do you think?

I believe Facebook wouldn’t necessarily need your kyc details
Facebook has it already

For every Facebook user, Facebook knows you, your friends, families, and even your private profile if you use unto full efficiency