#libra

Facebook has announced its new digital wallet, Calibra, and its new global currency powered by blockchain technology, Libra. Calibra is a newly formed Facebook subsidiary whose goal is to provide financial services that will people access and participate in the Libra network. Its first product is a digital wallet that will allow you to save, send, and spend Libra. In the beginning, Calibra will let you send Libra to almost anyone with a smartphone at low to no cost. The company hopes to add more services in the future to allow users to purchase goods and services with Libra using QR codes. Facebook also emphasizes that Calibra will protect the user's privacy and will not share account information or financial data with Facebook 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. Calibra hopes to service people around the world that don't have access to basic financial services. Read more in our articles including "Calibra and Libra: Facebook's new digital wallet and currency" and "Sony 1000X THE COLLEXION now available in the Philippines".