Facebook digital wallet Novi

Facebook brings out the virtual wallet for cryptocurrencies

Finally, it’s something appreciable, the most common social app (Facebook), will bring out a virtual wallet by the name “Novi”. Users will store Cryptocurrencies in this particular virtual wallet. It would be a sort of a digital box, where one would easily keep Cryptocurrencies.

Additionally, the chief of Facebook’s digital currency unit, verbalized on Monday that the company’s owners are sure and committed to set in motion this new feature. They are stick to this new advancement of adding a wallet “Novi” in the upcoming months.

Interestingly, Marcus added, we were set to bring out Novi with Diem. Which is a virtual currency connected to the dollar. The company is also furnishing and advancing the Diem. But Diem’s launch is yet uncertain.

Facebook intend to launch digital currency by the name of Diem

Moreover, Marcus told, that our mission was to launch both alongside but Novi is going to be launched soon. And it’s without Diem. Regrettably, we are not in favor of bringing out both separately.

Considerable, back in 2019, Facebook was all set to set in motion cryptocurrency by the name Libra but it didn’t happen. Owning to some security issues, the company canceled the project and didn’t go for it.

Then further, in 2020, the same project with some innovations turned Diem. Libra altered its name by Diem. The project cascaded from Switzerland to the United States as part of a “strategic shift.”

In a nutshell, the project is all set to launch.

In a nutshell, the project is all set to launch. This is highly appreciated and recommended advancement.

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