Facebook newly subsidiary Calibra is expected to launch in 2020 which is going to provide financial services that will let people access and participate in the Libra network.Calibra is a digital wallet for Libra powered by Block Chain technology.Wallet will be soon available in messenger,whatsapp and as a standalone app.
With Calibra, a new digital wallet for Libra will allow you save, send and spend Libra.
Calibra will let you send Libra to anyone with a smartphone, as easily and instantly as you might send a text message and at low to no cost. And, in time, we hope to offer additional services for people and businesses, like paying bills with the push of a button, buying a cup of coffee with the scan of a code or riding your local public transit without needing to carry cash or a metro pass.
Calibra will have strong protections in order to keep your money and your private information safe. Calibra will be using all the same verification and anti-fraud processes that banks and credit cards use, and we’ll have automated systems that will proactively monitor activity to detect and prevent fraudulent behavior. There will be dedicated support to help if you lose your phone or your password — and if someone fraudulently gains access to your account and you lose some Libra as a result.