The Facebook has decided to change the name of the digital wallet that will support the criptomoeda the sign of Libra. Formerly known as the Calibration platform used for sending and receiving money, it came to be called from the Corner. According to the company, for the purpose of this is to make it clear to users that the service will be the only one that will support the payment network.
- What is the criptomoeda?
- What is the blockchain? [that goes beyond bitcoin]
“We felt that the old name was too close to the name of the network, the payments to the Pound,” said the head of the Corner, and David Marcus, in his profile on Facebook. “That is why we have made an update to make sure that there is a distinction, and clarity. In the decision, it is almost a year after the presentation of the project to the criptomoeda.
The development of the digital wallet will be the responsibility of the Corner of Loan, which is a subsidiary of Facebook, which replaces the Gauges. Users will be able to gain access to the Corner by means of a software application for both Android and iOS, in addition to the integration, which will allow you to send money to your contacts on WhatsApp and Messenger.
To avoid the volatility of bitcoin, a payment network, it will use the call stablecoins, that is to say, digital currencies backed the us dollar, the euro and the british pound, for example. They will have the same value, corresponding to the national level, but will use the names as LibraUSD, LibraEUR and LibraGBP.
Users will also be able to carry out transactions with the british Pound, criptomoeda that you have a value that is equivalent to a combination of the digital versions of these national currencies. As well as the coin-backed on the us dollar, the euro and the british pound, the Pound will be available on the application of the Corner, as well as other digital wallets that are compatible.
In the Corner, will require a form of id in order to allow users to start sending money to your friends. The value held in a digital wallet can also be used to pay for the companies involved. This option should be offered on Spotify, and Uber, which are part of the Association of the sign of Libra.
The Facebook has not told you how much to charge for these transactions, but it’s guaranteed that there won’t be any hidden fees to be added, send, withdraw or receive the money in the Corner. The company has not revealed when it plans to launch on the platform, and said only that it will be released, so that the net payments of the british Pound as it is available.
With the information, The Verge, TechCrunch.