Social media giant Facebook, Inc. (NASDAQ:FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened David Marcus, head of Facebook Financial, announced the Novi pilot program on Tuesday to test the crypto wallet’s core feature functions and its own operational capabilities. Congrats @davidmarcus and team! It takes a lot of perseverance to ignore the haters and ship. https://t.co/QRAvqXnPd0 — Brian Armstrong (@brian_armstrong) October 19, 2021 The project was brought to life through partnerships with crypto exchange Coinbase Global Inc. (NASDAQ:COIN) and blockchain infrastructure platform Paxos. After downloading the Novi digital wallet app, users participating in the pilot program can fund their accounts and transact with the Paxos Dollar (CRYPTO: USDP), a Paxos-issued stablecoin pegged to the value of the U.S. dollar. “I do want to be clear that our support for Diem …
Facebook Pilots Novi Crypto Wallet With Coinbase, But Senators Urge Zuckerberg To ‘Immediately Discontinue’
October 20, 2021
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