My biggest question right now is how many people will want to use Libra enough to pass stringent KYC checks for a wallet like Facebook’s Calibra? You’ll need to give Facebook much more information than they have on a user today, such as photo ID, address, SSN, etc (depending on country).
My cynical view is that Calibra is actually the real value to Facebook here, and they are betting that it will be the biggest wallet by far. It will allow Facebook to reconcile millions if not billions of identities in ways they have not been able to to this date.
My cynical view is that Calibra is actually the real value to Facebook here, and they are betting that it will be the biggest wallet by far. It will allow Facebook to reconcile millions if not billions of identities in ways they have not been able to to this date.