LOC18:48
15:48 GMT
WASHINGTON, June 18 (KUNA) -- Facebook announced Tuesday plans of a newly formed Facebook subsidiary "Calibra" whose goal is "to provide financial services that will let people access and participate in the Libra network."
"The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology," the company announced.
It added "the wallet will be available in Messenger, WhatsApp and as a standalone app and we expect to launch in 2020."
It affirmed that "from the beginning, Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a text message and at low to no cost."
"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," it noted. (end)
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