Facebook launches digital currency wallet Novi

[troubled soul]

Das Novi-Pilotprojekt wird eingestellt | Facebook-Hilfebereich

Das Pilotprogramm von Novi endet am 1. September 2022

www.novi.com

Company chooses Paxos Dollar over its own cryptocurrency project Diem for pilot launch

 

[EuroKiss]

Das Novi-Pilotprojekt wird eingestellt | Facebook-Hilfebereich

Das Pilotprogramm von Novi endet am 1. September 2022

www.novi.com

Company chooses Paxos Dollar over its own cryptocurrency project Diem for pilot launch

Suckerberg is out of mind if he thinks fakebook will dominate crypto world too…not a chance!

 

[troubled soul]

Seems Facebook is proactive these days

Facebook is planning to rebrand with a new name

The tech giant wants to be known for more than social media’s ills.

www.theverge.com

Facebook is planning to rebrand the company with a new name​

 

[uplana]

of course they need to play with their muscles but I doubt they will rule the crypto world, if they do it won't be healthy for the market at all.

 

[MiddleEuroAsia]

Das Novi-Pilotprojekt wird eingestellt | Facebook-Hilfebereich

Das Pilotprogramm von Novi endet am 1. September 2022

www.novi.com

Company chooses Paxos Dollar over its own cryptocurrency project Diem for pilot launch

these mfs are quite persistent lol. I thought that the project will die seeing how the central banks reacted to the news of facebook libra (then, diem, and now novi with USDP).

I kind wonder though if they will receive backlash again, considering that they didn't do anything new, they are just making it easier to transact in a coin that already exists, novi is just another USDP centralized wallet, nothing really new or revolutionary here.

but yeah, the next couple of days will be interesting for sure, can't wait to see how things are gonna play out!

Edit: well, that was quick lol

Senators call on Facebook to shelve Novi cryptocurrency project

Facebook launched a Novi pilot program Tuesday.

www.theverge.com

U.S. lawmakers say Facebook cannot be trusted to manage cryptocurrency

A group of U.S. lawmakers said Facebook Inc cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurrency wallet named Novi, which was launched on Tuesday.

www.reuters.com

US Lawmakers Push Back on Facebook’s Novi Wallet Launch

A group of Democrat senators is taking umbrage with a pilot launch involving Novi and Paxos’ USDP stablecoin.

www.coindesk.com

 

[EuroKiss]

Seriously, US has to reintroduce the good old antitrust mechanism that helped with oil and telecom market and that was later practically abolished with Clinton and Bush jr. They created such monsters like Msft, FB and Amazon.
Crypto is currently based on decentralization or semi-pirate CEX like Binance, Suckerberg is trying to push its own crypto through WhatsApp and they are doing some trials in Brazil, their proposal is absolutely opposite respect the crypto idea but otherwise billions of people could see it just like their own national currency, and this is a nightmare globalist CBDC.

 

[Martin Everson]

Give FB an inch and they will be acting as a global reserve bank in 10 years time undermining central banks around the world - especially in developing countries. They need to nip this in the bud.