According to the director of Facebook Financial, David Marcus, the launch of its crypto wallet will be made at the same time as the release of Diem, the former Pound.
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The digital wallet will be launched at the same time as Diem.The digital wallet will be launched at the same time as Diem.Facebook
Facebook is cementing its entry into the world of cryptocurrencies. First it was with the announcement of Diem (formerly Libra), the digital currency they are developing together with other technology companies. Now, they have assured to have their own digital wallet Novi ready.
The Director of Facebook Financial and co-creator of Diem, explained yesterday that the company is waiting for its cryptocurrency to come to market before launching Novi. To date, Diem has gone through many problems that have forced it to delay its release.
Diem’s pilot is expected to be launched by the end of the year and thus join the other cryptocurrencies already on the market.
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However, it is expected to make its triumphant leap into the world of digital currencies by the end of this year or the end of this one. According to the company, Diem will be a stablecoin, so its value will be the same as the fiat currency of the country from which it operates.
On the other hand, Marcus has also confirmed that it is «definitely looking for» ways to get involved in the NFT industry. «When you have a good crypto wallet like Novi will have, you also need to think about how to help consumers support NFTs,» the Facebook Financial director has recounted.
NFT digital assets are about crypto addresses just like cryptocurrencies. For that reason, it makes sense that the company expects to store them in a crypto wallet. At the moment, Marcus has not clarified how he intends to get into NFTs, but he has underlined his intention to do something about it.