Kevin Weil, the Vice President of product at Facebook’s Calibra digital wallet unit, said that Libra, the crypto project of Facebook, will be more similar to email tech than payment services such as PayPal.
“You and me don’t have to collaborate on which email provider we are going to use before we send each other an email. We don’t have to choose which browser we are going to use tailored to which individual website you’re going to go to. These things are protocols, and as long as you build to the protocol everything’s interoperable. Libra is the same way.” Kevin Weil
As it has been reported by CNBC, he expressed confidence that the social media giant’s cryptocurrency will not go viral like a social network. He also stressed that users’ financial data on Calibra will stay separate from their social data on Facebook.
Thus, he reportedly added that now is the second-best time to do so. He also revealed that he was not an early believer of the major cryptocurrency Bitcoin (BTC) but became a fan in 2015 and 2016.