Crypto Wallet ZenGo Is Now Compatible With Facebook’s Libra Testnet
The core team behind ZenGo, a non-custodial, keyless, crypto wallet provider, has stated that its app now provides support to Facebook’s Libra testnet. Presently users “can send and receive Facebook’s new cryptocurrency, Libra, just like any other cryptocurrency in ZenGo.” The coders also cited that the “testnet funds don’t hold any real value and are only for testing purposes.”
The news report further elaborates:
“If you would like to experiment with Libra, you can turn on Libra testnet from the Account tab in the wallet. Once you turn on the feature, make sure your wallet is backed up, and we’ll send you your first Libra. Facebook is developing its own wallet Calibra, but it’s not publicly available yet. When it does become available it will be a custodial wallet, meaning that Facebook will have full control over the funds stored in it. But that will not be the only option. That’s why we’re offering Libra in ZenGo a non-custodial that people will have the option to choose.”
The core group at ZenGo also cautioned that Libra’s testnet continues to be in the trial phase. As a result, it could be regularly reset for maintenance and overhaul, which causes “all the data on the network gets reset along with all transaction history and balances.”
Presently, ZenGo app is only offered on the iOS platform. The wallet permits users to purchase Bitcoin, Binance Coin and Ethereum with their credit cards or Apple Pay.
ZenGo wallet intends to remove the requirement for saving private keys by utilizing a facility similar to a key, distributed among several groups instead of prevailing as one series of characters.
Notably, David Marcus, who leads Calibra at Facebook, stressed that Libra users will not have any need to trust Facebook.