Because it possibly stands to faces billions of dollars in fines from the US Federal Trade Commission (FTC), Facebook, today announced its plans for Calibra, a Facebook subsidiary that will provide financial services and enable users to have access to and participate in the Libra network. “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.

Read full article on Infosecurity