Facebook tests Novi cryptocurrency wallet with Coinbase and Paxos
Facebook has chosen Coinbase and Paxos as partners for its upcoming Novi digital wallet project, which began testing in the US and Guatemala on Tuesday. Once regulatory clearance is given, the social media giant will proceed with the launch of Novi , which will be accompanied by the Diem payment network. For its planned Novi […]
Programmers working on Facebook’s wallet switch sides to A16z’s crypto fund
Two of the top programmers working on Facebook’s digital currency project have joined Andreessen Horowitz (A16z), a renowned venture capital firm in the crypto sector, to help with its digital asset fund. Nassim Eddequiouaq and Riyaz Faizullabhoy, according to a CNBC article from Oct. 11, have left Facebook for A16z after two years working on […]
Bitcoin advocates call for a decentralized alternative as Facebook, Instagram went down for hours
Facebook and its major services including Messenger, WhatsApp and Instagram went offline for hours. Blockchain advocates see this as the weaknesses of a centralized service hence calling for a decentralized alternative. Facebook and linked services such as Instagram, WhatsApp, Messenger, and Oculus were offline for many hours today, with the social media giant blaming the […]
Facebook is ‘definitely considering’ NFTs, says David Marcus
According to Facebook’s David Marcus, “When you have a good crypto wallet, like Novi will be, you also have to think about how to help consumers support NFTs.” Due to the fact that Facebook is nearing completion of the development of its proprietary cryptocurrency wallet, Novi, the social media giant may soon be able to […]
Facebook says it wants a “fair shot” in the crypto payments sector
Facebook’s crypto pioneer David Marcus shares his honest thoughts on the crypto market, economic disparity, regulatory issues as well as declaring that Novi is ready to launch. Marcus has spent the last few years developing Diem’s crypto wallet Novi , which is an interoperable digital wallet that works with the Diem payment system. Its goal […]