Facebook's Calibra is a digital wallet that will be accessible as a stand-alone app and integrated into Messenger and WhatsApp. Facebook says it's designed to enable anyone to securely store money for free on their phone and to allow people to securely send and receive Libra around the world, with no fees for consumers, although Facebook is considering "very low" fees for merchants.
Although Calibra is fully owned by Facebook, it's operating as a subsidiary kept separate from Facebook's advertising businesses, so it can be regulated appropriately. "The easier it is to go back and forth [from the local currency to Libra] the more confidence people will have," he said. "If you're banked you can imagine connecting your bank account, if you're not banked then you can imagine a map that shows nearby money transfer experiences.
Monica says that Anchorage will operate one of the many nodes to handle Libra transactions and could sell its services to other members of the association for safekeeping of their Libra assets.
Source: Digital Coin News (digitalcoinnews.net)
thomaspower benmezrich JoeSquawk Start with this my before buying your first ledger my man! Keep spreading the word!
benmezrich I can't wait until all the FB users wake up one morning and see their bank balance publicly displayed on their profile
benmezrich Then don’t give them your money. You have a choice. This is not Venezuela.
benmezrich telcoin_team with their mobile wallets and growing partnerships with the worlds’s largest mobile operators is the only solution that solves the problems of Value, Trust, Compliance & Simplicity. Take a close look. Even joesquawk can’t deny!
benmezrich i dont have a FB or instagram and never will
benmezrich What a great idea, let's give FB and the others more data with which they can manipulate markets, media and me (you too).
benmezrich No
benmezrich No we can't. But there's to many lazy dummies out there that will sell their soul for a three second faster transaction
benmezrich No, we can't.
benmezrich WAR benmezrich telling CNBC about the forthcoming Stevie Wonder conspiracy book.StevieCanSee.
benmezrich No thanks!
benmezrich 21 was a kickass movie but Ben looks like he escaped from a mental hospital and still has the gown on under his sportcoat. hahaha
benmezrich I wouldn’t trust Facebook with my pocket lint!
benmezrich JoeSquawk 2020
benmezrich Electronic ponzi/pyramid scheme.
benmezrich JoeSquawk
benmezrich Own your own identity, own your data, monetise your own data for its real worth / keep your data private, with decentralized public blockchain, get rid of the monopoly gate keeper middle men. The buzz words are 'decentralized PUBLIC blockchian'. Private blockchain = on ramp ❎
benmezrich Crypto is a disruptive replacement for banks, the financial system and bankers designed to get rid of gate keepers and monopolies like facebook over reaching governments and banks, viral self seeding private international instant immutable transacting.
benmezrich i will never give facebook my money. you cant even trust them with your data and were suppose to trust them with cash lol
I’m so offended by this I deleted my facebook account. mycurrencymybody
Transform the way money is laundered around the world
Why Facebook is asking for a hard ban from central banks around the world?
Why would anyone trust Facebook with anything? They are having a hard enough time dealing with the forgery and deception by removing billions of fake accounts that should never be created in the first place.
Seems a pretty extreme way to hide all those rubles.
Let me understand this ...every advert on FB is a scam ...and they now want to connect our wallets to it ?
People don't trust facebook with their pictures, how to trust them with money ? Plus Libra is stable coin, backed by fiat currency, you can't believe in crypto that backed by fiat, crypto created to eliminate fiat. They are deviating from the mission.
Mark Zuckerberg 👆🏻
ToddCrosland BeckyQuick JoeSquawk Hey andrewrsorkin I think you should invite APompliano on the show to defend Bitcoin in the face of its demise with the launch of Facebooks Libra. Should be interesting.
We can always trust Facebook!
The funny thing is, Libra is not even a real cryptocurrency! What makes us say so?
It was smart of Facebook to partner with a non-profit foundation. They knew people wouldn't trust them with their money.
After spoiling politics by allowing democracy hackers of Cambridge Analytica to use it as an invasion platform, Facebook intends now to spoil the economy through Libra a cryptocurreny of its making. Is this the rise of a Digital State of President Zuckerberg?
Digital mobile payment technology is very mature in China! And got popular! Chinese people are very willing to accept new things!
I AM NOT INTERESTED I WILL STICK WITH THE US DOLLAR LIKE FOREIGN GOVERNMENTS DO
I don’t trust them with my data why would I trust them with a currency.
Not for me.
dump the BTC !!
Don't trust it, scam by Facebook.
facebook You owe me. Eventually U’ll pay me Zack.
Scary
Enjoy your new FaceCoin. 😄
So I can still access my Libra and Calibra wallet when this happens right ?😳 Think I'll stick with $BTC
CommSec GridcoinNetwork Gemini facebook
So it's like dollars except Facebook controls them? What's the upside over using Paypal?
Its not like bitcoin, because its not private! but same principle money you cant touch, learn how it works because it will be coming soon x
Facebook is TOTALLY the company we should trust to create a global currency.
Ya. Nope. I trust Facebook about as much as I trust Trump.
It's launched by zuck and facebook, that's all you need to know.. I say all of you still believing the facebook myth should dump all you have into this.. He's sold your personal info and censored your speech.. I'm sure he'll make sure this works out great for you..
Article has no info on how it will be mined? if Facebook and other corporations premine the whole thing then what is the point?
So how premined will it be? Any bets facebook mines half of it before release?
No thanks!
Currency ETF?
libra is not a cryptocurrency. It’s a centeralized payment network that already exists in many other forms, pretending to be something else.
They should've named it boomercrypto Last grandparent of Facebook wins
corporate environments can create an artificial field in which those at the top, deluded by their own power, can rationalize crooked policies, like establishing new cryptocurrencies & other morally questionable activities ...
American government is not going to like that.
So an easier less traceable way for Suckerberg to collect payments from hostile countries who purchase propaganda adds on Facebook all in an effort to help further his control of people while aiding in the destruction of democracy.
From the company that keeps millions of passwords in a .TXT file accessible to all employees. Bitcoin is the scam of the century.
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