Facebook's Calibra Wallet Will Support State-Issued Cryptocurrencies
Facebook has slightly changed its plan to launch the stablecoin Libra. According to a Mar. 3 report issued by Bloomberg, both crypto and state-issued cryptocurrencies will be available on the company’s digital wallet, Calibra.
Apparently, the Calibra wallet will support not only its own cryptocurrency but also government-issued digital currencies (CBDC). Such a move should soften the position of regulators, who, after the introduction of the Libra project, treated the stablecoin as harshly as possible. Perhaps if the positions of regulators soften, then the social network will really manage to launch Libra by the end of this year. It is possible that the launch of the stablecoin and the Calibra wallet will happen at the same time.
With the support of state cryptocurrencies, users of the Calibra wallet will be able to exchange digital yuan, dollars, euros or other currencies around the world. In addition, support for Libra and other digital currencies should appear in WhatsApp and Facebook Messenger.
The aim of the Libra project is to provide financial services to people who do not have access to banks. Since the project was announced, several countries are exploring their own digital currencies.