What’s the Buzz About Libra?
On August 18, the developers at ZenGo made waves by announcing that their keyless, non-custodial cryptocurrency wallet now supports Facebook’s Libra testnet. What does this mean for crypto lovers? Essentially, it means you can send and receive Libra like it’s any other cryptocurrency, from the safety of your ZenGo app. Just be sure to remember: these testnet funds are like Monopoly money—they don’t hold any real value (no, you can’t buy a yacht with them).
How to Get Started with Libra
If you’re curious to give Libra a whirl, it’s as simple as pie. Just head to the Account tab in your ZenGo wallet and enable the Libra testnet feature. Don’t forget to back up your wallet—you don’t want to lose your pretend riches. And voilà! ZenGo will greet you with your first Libra. Just remember, while Facebook is working on its custodial wallet, Calibra, Zengo offers a non-custodial alternative. Think of it as the ‘choose your own adventure’ of crypto wallets.
The Risks of Experimenting
However, tread carefully, my experimental friends! The ZenGo team warns that Libra’s testnet is still akin to a roller coaster in its testing phase—exciting, but potentially bumpy. It could be reset for maintenance without a moment’s notice, wiping out transaction history and balances. In other words, you could find yourself starting from scratch. Be prepared with your backup plans!
Currently iOS Only
As it stands, the ZenGo app is exclusively available on the iOS platform. But fear not Android lovers, there might be hope on the horizon! If you’re on iOS, you’re not just limited to Libra; you can also buy Bitcoin, Ethereum, and Binance Coin using your credit card or Apple Pay. Who knew acquiring crypto could feel almost like online shopping?
Calibra and Trust Issues
In the world of digital wallets, trust is the name of the game. David Marcus, the head honcho over at Calibra, assured potential users that they won’t have to trust Facebook with their funds. Irony alert—building trust through a company often criticized for handling data, well, let’s say… less than transparently? So, while you can experiment with Libra in ZenGo, existing on the tangled web of trust remains the theme of the day.
