Facebook: Calibra a New Digital Wallet for a New Global Currency

This is the challenge we’re hoping to address with Calibra, a new digital wallet that you will be able to use to save, send, and spend Libra, a new global currency powered by blockchain technology. 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. And, in time, we hope to offer additional services for people and businesses, such as 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.

Here’s a sneak peek at what the experience of using Calibra will be like:

When it launches, Calibra will have strong protections in place to keep your money and your information safe. We’ll be using all the same verification and anti-fraud processes that banks and credit cards use, and we’ll have automated systems that will proactively monitor activity to detect and prevent fraudulent behavior. We’ll also offer dedicated live support to help if you lose your phone or your password — and if someone fraudulently gains access to your account and you lose some Libra as a result, we’ll offer you a refund.

We’ll also take steps to protect your privacy. Aside from limited cases, Calibra will not share account information or financial data with Facebook, Inc. or any third party without customer consent. For example, Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook, Inc. family of products. The limited cases where this data may be shared reflect our need to keep people safe, comply with the law, and provide basic functionality to the people who use Calibra. Calibra will use Facebook, Inc. data to comply with the law, secure customers’ accounts, mitigate risk, and prevent criminal activity. You can read more about our commitments to privacy and consumer protection at calibra.com.

We’re still early in the process of developing Calibra, and along the way we’ll be consulting with a wide range of external experts to ensure that we can deliver a product that is safe, private, and easy to use for everyone. But we’re excited to share this early glimpse with you, and we’ll keep you updated along the way. In the meantime, if you’d like to be among the first to know when Calibra is available, you can sign up at calibra.com.

This announcement contains forward-looking statements regarding our future product and business plans and expectations. These forwardlooking statements may differ materially from actual results due to a variety of factors and uncertainties, many of which are beyond our control. Please note that the date of this announcement is June 18, 2019 and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

press release by: https://calibra.com/media