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Facebook may launch digital pockets this yr: report

Credit: CC0 Public Domain

Facebook is able to launch a digital pockets that will let customers retailer cryptocurrencies, a senior firm government mentioned in a US media interview Wednesday.

David Marcus, head of Facebook’s crypto unit, instructed The Information information website that firm leaders “feel pretty committed” to launch the digital wallet referred to as Novi this yr.

Marcus mentioned he would have most well-liked to launch Novi alongside Diem, a digital currency tied to the greenback that the corporate can also be growing, however Diem’s timing was unsure.

“In theory, Novi could launch before Diem, but it would mean launching without Diem and that’s not necessarily something that we want to do,” Marcus instructed The Information.

“It all depends on how long it’s going to take for Diem to actually go live and that’s not something I’m personally looking after.”

In 2019 Facebook mentioned it plans to introduce a cryptocurrency that on the time was referred to as Libra. The mission nevertheless confronted regulatory resistance over considerations about safety and reliability.

In December 2020 the Libra modified its identify to Diem and moved its operations from Switzerland to the United States as a part of a “strategic shift.”

Facebook wallet for Libra digital coins renamed ‘Novi’

© 2021 AFP

Facebook may launch digital pockets this yr: report (2021, August 26)
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