This article was first published on Silicon Republiccryptocurrency – Silicon Republic
On Tuesday (26 May), Facebook introduced Novi, the digital wallet that the social media company is using to support its Libra digital currencies.
Facebook said that while it has changed the name of the name of its blockchain currency from Calibra to Libra, it hasn’t changed its “long-term commitment to helping people around the world access affordable financial services.”
Facebook said that the Novi wallet will support the platform’s users as they send and receive money to friends, family and other users. The news comes just a week after Facebook announced plans to ramp up its e-commerce offering with the launch of Shops.
The Novi digital wallet
In a statement, Facebook said that Novi was inspired by the Latin words “novus” for “new” and “via” for “way.” The company said that the digital wallet represents a new way to send money and that Novi’s visual identity and design represent “the fluid movement of digital currencies.”
The company included a nod to the Libra icon in the brand logo in an effort to underscore its commitment to the Libra network.
Laura Morgan Walsh, head of operations at Novi, said: “At Novi, we are striving to make money move more freely around the world and to help people access affordable financial services. Right here in Dublin, we’re growing our team that will support core parts of the Novi wallet, including customer care.”
She added: “We’re more committed than ever to ensuring people can get help whenever they need it from our customer care team.”
The company said that with Novi, sending money will be as easy as sending a message. Novi can be used as a stand-alone app, as well as in Messenger and WhatsApp.
Facebook said: “There will be no hidden ...
To keep reading, please go to the original article at:
Silicon Republiccryptocurrency – Silicon Republic