Facebook Ready to Launch ‘Novi’ Digital Wallet

Aug 20, 2021 0 comments

image: insider.com.

According to a memo sent on Wednesday, Facebook is set to launch its first digital wallet.

Facebook is primed to enter the digital wallet space with the launch of Novi. According to a memo sent by David Marcus, the wallet will be integrated into the Facebook app and is “ready to come to market.” Marcus is the same FB executive who pushed the company to move toward incorporating digital currency.

The Novi wallet is being dubbed an interoperable digital wallet that will, according to Marcus, “enable people, and eventually small businesses, to move money around domestically and internationally in a quick and affordable way.” Marcus adds that nearly every state in the US has granted Novi secured licenses and/or regulatory approval.

Sourced from yahoo.com.

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