This is Calibra, a digital wallet that will use a new cryptocurrency called Libra. Calibra, which is now a subsidiary of Facebook, is designed to "provide financial services that will enable ...

"Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a text message and at low to no cost," Facebook said. "And, in time, we hope to offer ...

Libra, the cryptocurrency, is similar to bitcoin. Facebook announced on Tuesday plans to unveil in 2020 a subsidiary called Calibra, which will allow access to Libra, a new digital currency.