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12 tweets,
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1/ Facebook is actually advertising that Libra is a cryptocurrency *and* using blockchain technology!
This feels like a turning point for crypto - hundreds of millions, if not billions, will be exposed to the terms "cryptocurrency" and "blockchain" 🤯
(thread)
This feels like a turning point for crypto - hundreds of millions, if not billions, will be exposed to the terms "cryptocurrency" and "blockchain" 🤯
(thread)
2/ To get started with Calibra, you'll need a government-issued ID to sign up for an account and the website states that "identity verification is important to comply with laws and prevent fraud, so you know people are who they say they are."
Well, of course 😅
Well, of course 😅
3/ Calibra will be a standalone app in the App Store and Google Play as well as directly integrated with WhatsApp and Messenger.
Oddly, no Instagram? It's a bit weird considering Facebook seems to be pushing e-commerce integration into Instagram.
Oddly, no Instagram? It's a bit weird considering Facebook seems to be pushing e-commerce integration into Instagram.
4/ There will be fees but Facebook says they will be "low cost and transparent - especially internationally".
RIPple?
RIPple?
5/ Calibra will be available in "as many countries as possible" but no specifics.
Users can also convert their local currency into Libra (and back to fiat again).
Will they be able to do this on a crypto exchange? Coinbase is a launch partner!
Users can also convert their local currency into Libra (and back to fiat again).
Will they be able to do this on a crypto exchange? Coinbase is a launch partner!
6/ You can use Calibra without Facebook, WhatsApp or Messenger - you just need a government-issued ID to set up an account in the standalone app.
More data mining!
More data mining!
7/ First version will support peer-to-peer payments mainly and small businesses can accept payments through the use of QR codes.
Square killer?
Square killer?
