Facebook’s Calibra cryptocurrency wallet already has competition

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Facebook plans to launch a new cryptocurrency called Libra in the first half of 2020. 
Thomas Trutschel/Getty Images

Facebook doesn’t plan to launch its new  and a complementary digital wallet until 2020. But that hasn’t stopped some startups from throwing their hats in the ring early. 
On Sunday, Israeli developer ZenGo said a  it rolled out earlier this year will begin supporting . Since Facebook and its 27 partners haven’t launched the , ZenGo is letting users store a test version. The test Libra funds, unlike the version that’s coming, don’t have any real monetary value.

ZenGo is letting users experiment with a test version of a new cryptocurrency, called Libra, that’s expected to launch in 2020. 
ZenGo

“Getting to know it early might spark some new ideas and give you a head start for when Libra becomes truly operational,” ZenGo said in a blog post. You can experiment with Libra by going to your account tab in the ZenGo app, which is currently available for iPhone users. The wallet also lets you buy Bitcoin, Ethereum and Binance enasılparayatırılır Coin with your credit card or Apple Pay. 

Since Facebook announced Libra, the company has faced pushback from US lawmakers who are concerned that the cryptocurrency will be abused by criminals and negatively impact the US dollar. Facebook’s blockchain boss, , said in a congressional hearing last month that the social network wouldn’t launch Libra until the company has addressed all concerns, but he stopped short of agreeing to a moratorium. 

Facebook took the wraps off Libra in June. Unlike many other cryptocurrencies, Libra will be pegged to a basket of assets that anchor its value, so that value won’t swing wildly. The Libra Association that’ll manage the currency hasn’t said what those assets will be, but it suggested they’d include major global currencies, like the dollar and the euro. The proposed crypto has been met with from and politicians around