We’re thrilled to announce that Zengo now supports the Libra testnet. You can send and receive Facebook’s new cryptocurrency, Libra, just like any other cryptocurrency in Zengo. Note that testnet funds don’t hold any real value and are only for testing purposes.
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.
This development comes after last month’s announcement that Zengo released a proof-of-concept for Facebook’s new cryptocurrency. Zengo is the first consumer-grade wallet to support Libra and it marks an important milestone for the industry.
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.
With the Zengo keyless wallet, you’ll be able to manage your Libra with complete peace of mind, while still being in control of your funds but with a simple user experience. We believe the password-free, on-chain user experience offered by Zengo will be attractive to many people who want to own crypto currencies, including Libra.
Some disclosures about Testnet: “Testnet” means that the network is still in its experimental phase. From time to time the Libra testnet is reset for maintenance and upgrades. When this happens, all the data on the network gets reset along with all transaction history and balances. This means that you might see your Libra testnet balance as 0 even though you had some. No worries! It’s not real money. Also, we monitor the status of the network, so when this happens we’ll send you some more Libra testnet tokens.
Why should you try Libra testnet?
First of all, you don’t have to. It’s optional and even disabled by default. You need to enable it to experiment with Libra testnet.
But there are some good reasons why we think you should give it a try:
- To be ahead of the curve: It’s not often that you get a chance to use a technology with the potential to change the world. Getting to know it early might spark some new ideas and give you a head start for when Libra becomes truly operational.
- Education: getting some free testnet money allows you to explore and experiment with cryptocurrency on Zengo and get acquainted with blockchain concepts like addresses and explorers without risking your own money.
Why did Zengo add support for Libra Testnet?
Libra is the first project that makes cryptocurrency accessible to billions of people around the world. This aligns perfectly with Zengo’s mission to build a simple yet secure wallet that enables everyone to use cryptocurrency. Therefore we decided to adopt it early on so we could:
- Shape the future: Libra is an open-source project. By integrating it early we were able to identify some missing features snd suggest improvements to Libra code. Some of our suggestions were already accepted by the Libra team, and now they are an integral part of Libra code.
- Be ready: Being involved with Libra at such an early stage means that we’ll be fully prepared to support the mainnet once it becomes truly operational.
- Risk-free education: as mentioned above, offering support for a modern cryptocurrency with low latency transactions gives an excellent opportunity to our customers to run risk-free experiments and learn about cryptocurrency and Zengo.
You can read more about this on Cnet
— Kevin Weil (@kevinweil) August 18, 2019