Tag: Novi
Meta signals closure of Novi wallet after a 10-month pilot
Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project.Novi’s website land [...]
Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
“We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital colle [...]
Meta’s WhatsApp to Trial Novi Digital Wallet
The social media giant formerly known as Facebook has faced an immense regulatory backlash for its digital currency plans, resulting in it rebrandi [...]
WhatsApp starts testing currency payments with Meta’s Novi wallet
Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant's digit [...]
Privacy or policy? Why Facebook’s crypto wallet, Novi, is facing resistance
The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies [...]
Post-ETF policy landscape and Novi fears, Oct. 18–25
The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the [...]
Diem tells Senators on the warpath over Novi: We’re not actually Facebook
Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s N [...]
Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union Stock, Analyst Says
BusinessBTIG analyst Mark Palmer says traditional money-transfer firms are likely to face increased pressure from crypto projects.By Michael Bellus [...]
Senators pressure Facebook to ‘immediately discontinue’ Novi wallet pilot
Five Senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in partnership with Coinbase.C [...]
US Lawmakers Push Back on Facebook’s Novi Wallet Launch
In a Tuesday missive, U.S. Senators Brian Schatz (D-Hawaii), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.) and T [...]
Facebook pilots Novi crypto wallet with Coinbase, Paxos
Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase [...]
Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem Rollout
Novi, a digital wallet subsidiary to Facebook, will go live in the U.S. and Guatemala in a pilot program, allowing users to start trading the Paxos [...]
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