An Interest In:
Web News this Week
- February 28, 2024
- February 27, 2024
- February 26, 2024
- February 25, 2024
- February 24, 2024
- February 23, 2024
- February 22, 2024
October 19, 2021 02:43 pm
Original Link: https://www.theverge.com/2021/10/19/22734487/facebook-novi-digital-wallet-pilot-program-payments-diem-cryptocurrency
Facebooks digital wallet finally launches... without Diem cryptocurrency
Facebook is finally starting to roll out a “small pilot” of its Novi digital wallet today in the US and Guatemala, more than two years after it was first announced. The pilot program will let users send and receive money “instantly, securely, and with no fees” using the Paxos stablecoin, in partnership with Coinbase (which will be serving as the custody partner that holds the actual funds for the pilot).
According to Facebook’s David Marcus, the head of F2 (Facebook Financial), the pilot is meant to “test core feature functions, and operational capabilities in customer care and compliance,” in addition to trying to demonstrate a viable use of stablecoins for payments.
Remittances are a critical way to achieve financial inclusion....
Original Link: https://www.theverge.com/2021/10/19/22734487/facebook-novi-digital-wallet-pilot-program-payments-diem-cryptocurrency
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge