India, June 25 -- Facebook has recently formed a new subsidiary 'Calibra' that aims to provide financial services for people in the Libra network. Calibra's first product would be a digital wallet for Libra, a new global currency working on blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app and the company is planning to in 2020.

With Calira, Facebook wants to help around the world where even basic financial services are still out of reach and almost half of the adults don't have an active bank account. The Calibra will let you use to save, send and spend Libra. From the start, Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a te...