Report: First Libra Wallet Won’t be Available on Many Markets Including Facebook’s Biggest Market
[ChainDD report] June 20 (ChainDD) A spokesman of Facebook’s subsidiary Calibra responded to TechCrunch that Calibra’s digital wallet for Facebook’s stablecoin Libra won’t be available on many markets.
“The Libra Blockchain will be global, but it will be up to custodial wallet providers to determine where they will and will not operate. Calibra won’t be available in U.S.-sanctioned countries or countries that ban cryptocurrencies,” the spokesman said.
TechCrunch commented the response means Calibra’s wallet won’t be launched on India, Facebook’s biggest market, neither will on China, North Korea and Iran.
According to ChainDD’s previous news, Facebook announced on June 18 that it launched an independent subsidiary Calibra to create money transfer, payments and other services for Facebook’s stablecoin Libra. The company will first roll out a digital wallet and be available for Facebook’s two messaging applications Messenger and WhatsApp as early as 2020. The wallet will not only be integrated in Messenger and WhatsApp but also face users without Facebook accounts, as a standalone iOS and Android application.