- Calibra calls for democratizing banking, especially in the third world.
- With over two billion users, it may be the Holy Grail for massive adoption of cryptocurrencies.
- The market has yet to value the growth potential implied by Facebook’s initiative.
Facebook, WhatsApp, Instagram will all be opened to Calibra – a massive development.
Calibra will initially offer a global payment and money transfer platform with low commissions and instant execution. However, this is only the beginning.
Calibra will probably start offering a series of financial products such as loans, interest-bearing deposits, and more in the future.
Also, as the Geneva-based Libra Foundation states in the white paper of the project, Calibra could be connected to exchange platforms, such as Coinbase or Binance, but without going into that business.
In my opinion, Calibra provides the disruptive factor that Libra, as a concept, lacks. The hidden potential offered by creating a gateway between the Crypto market and the digitalized everyday world is immense.
Facebook has the capital, influence, and dominance in the social networking sector necessary to bring this initiative to a successful conclusion – even in the face of the more than secure opposition of the global banking cartel.
The cryptocurrencies market has yet to adjust the price to the vast possibilities of Zuckerberg’s initiative – but it is only a matter of time.
ETH/BTC Daily Chart
The ETH/BTC pair has been reacting to the bullish trend at this hour and recovers support for price congestion at 0.0291.
Above the current price, the first resistance level is at 0.0301 (price congestion resistance and EMA50), the second one is at 0.031 (confluence of the SMA100 and SMA200) and the third one at 0.0316 (price congestion resistance).
Below the current price, the first support level is at 0.0291 (price congestion support), then the second support level at 0.0275 (price congestion support). The third level of support for…