Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks.
The social media giant describes Libra as “a new cryptocurrency that will make money work better for all of us.” Calibra is still in development and is not yet live.
“Imagine if cash became digital,” Calibra’s official website – which has since crashed – reads.
Imagine if more people had more access to the global economy. Imagine a new global currency on a new global network. We think this is how money should be.