Social media networking site Facebook is going to launch its cryptocurrency 'Libra' soon. It will be offered on the base of Bitcoin. This currency can be used through Digital Wallet Calibra. Facebook believes users will be able to use this currency on WhatsApp and Messenger. According to reports, the currency is expected to be launched in early 2020. Calibra is a new subsidy company that wants to provide financial facilities to people. 

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The company explained how it will work if many people in the world do not have basic financial services. Not only that, many people don't even have bank accounts. This situation is quite bad in many developed countries. This situation can be fixed when Calibra reaches users. Through this wallet, users will be able to easily transact Libra cryptocurrencies to each other. It can be sent faster via message. No additional charges will be charged on transactions made through Calibra Wallet. On the other hand, the company has said that similar features will be added in the future in Calibra, just as Google Pay and PayTm offer additional services. In times to come, many facilities will be provided, from bill payments to paying bills in restaurants. The company can also provide scan codes like PayTm and PhonePe.

Calibra will receive the entire security company that has stated that anti-fraud verification will be used for this service. This type of verification is used on the bank's credit card. With the launch of Libra, the company will also offer support. It can also be used if someone loses their phone or forgets a password. In addition, it can be easily compensated if there is a fraud through Calibra.

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