Facebook has slightly changed its plan to launch the Libra stablecoin. Apparently, the Calibra wallet will support not only its own cryptocurrency, but also digital state currencies.
This move should soften the position of regulators, who, after the presentation of the Libra project, treated stablecoin as harshly as possible. Perhaps, if the regulators ‘ positions soften, the social network will actually be able to launch Libra by the end of this year. At the same time, the stablecoin and Calibra wallet will be launched at the same time.
If the government supports cryptocurrencies, users of the Calibra wallet will be able to exchange digital yuan, dollars or other currencies around the world. You will also be able to make purchases through the Calibra app. In addition, support for Libra and other digital currencies should appear in the WhatsApp and Facebook Messenger apps.
The goal of the Libra project is to provide financial services to people who do not have access to banks. After the announcement of stablecoin, politicians and regulators from all over the world spoke out against the development of cryptocurrency. So, the Chairman of the financial services Committee of the us House of representatives, Maxine Waters, said that the US should not allow Libra to compete with the dollar.