New Digital Wallet Calibra by Facebook

calibra

Facebook announced new digital wallet Calibra for the new digital currency Libra  and expected to be launched in 2020. Facebook announced as this wallet will be available in Messenger, WhatsApp and as a standalone app.

Use of Calibra:

Calibra will be used to send Libra (digital currency) to anyone with a smartphone, as easily and instantly and at low to no cost. In future, it may 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.

Will Facebook use Calibra users data?

Facebook confirmed that Calibra account information with not be shared with Facbook or any third party without customer consent. This means Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook family of products.

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