Facebook: Novi wallet approved in most U.S. states

[Alikhaki123]

David Marcus, one of Facebook's executives, has announced the latest developments involving StibelCoin and the company's digital wallet. Marcus said Novi's wallet has been approved in almost every U.S. state. He also added that the wallet is not being launched in areas that have not issued approvals. Marcus continued, "Novi's wallet provides the conditions for peer-to-peer non-commission payments both abroad and inside the United States. Facebook has not yet announced a date for the release of Kevin Dim's stibel and Novi's digital wallet.

https://cryptobriefing.com/facebook-says-most-u-s-states-have-approved-novi/

[faithupgrade]

I thought Novi crypto is not true and just a shill somewhere from nowhere until I found it on Facebook's own website: https://about.facebook.com/technologies/novi/
This is a buy coin, although we do not know what is the price movement of this coin. I believe Facebook will heavily promote this coin in their platform.

[bitkanu]

That's not a big surprise to see that. NOVI was a part of diem ecosystem. That means if NOVI will become the main wallet for people to use DIEM stable coin as the first coin that will be issued by facebook.

A big company like facebook has a very good reputation. that's why all of the states already approved NOVE to be used by its civilians.

There must be a bridge to the DIEM and NOVI to make sure it can be connected with the crypto.

It's potentially to be another game changer for the cryptocurrency as a way for the fresh money to enter to the crypto market.

[semobo]

Actually most people forget about the Libra which is the one renamed as Stibel or something similar now and we have to wait and how the response from the users. But nothing interesting for the investors since its a stable coin so didn't get hype at the moment.

[dhemasm]

That was great to hear, I didn't really following Libra after some problem with SEC before but looks like it was rebranded? But beside that thanks for sharing this one mate, Looks like the regulatory approvals progress looking good since some state already approved it and looks like DIEM was backed by USD so i suppose it's not going to hard to get regulatory approvals, Looking forward for this one!

[mbakruroh]

Yes, based on the intro we saw from their website, that this wallet can send money just by detecting friends from facebook, without having to fill in the wallet address manually. Transparency in this wallet can be seen clearly, but not anonymous. This means that we can not only track transactions, but also get to know the person directly. On the other hand, we cannot hide the user's identity. Maybe it's almost the same as paypal that can recognize the user's identity.