A “small pilot study” will be conducted for the digital wallet called Novi, developed under the leadership of Facebook, starting today.
According to the statements made by the social media giant on Tuesday, Novi will be tested in the remittance corridor, one end of which is in the USA and the other is in Guatemala.
Collaboration with Coinbase and Paxos will be conducted in the pilot study, which will evaluate the opportunities Novi offers in terms of customer service and legal compliance.
Facebook; This digital wallet, known today as Novi, was first introduced in 2019; Calibra named after him Libra He also announced that a stablecoin project will be developed.
As a result of disputes with several global regulatory agencies, Calibra’s name is Novi; Libra’s name was changed to Diem.
Diem’s legal status while remaining unclearDuring the pilot, it was announced that Paxos’ stablecoin called USDP will be used.
David Marcus, chief executive of Facebook Financial, “There is no change in our support for Diem.” Saying that, after obtaining the necessary legal permissions, Novi In Diem’s payment network He said he will start using it.
Trials in the USA and Guatemala will benefit from the custody services provided by Coinbase.
During the pilot study only limited number The Novi application, which can be used by the person, can be downloaded from the Apple App Store and Google Play Store. Users will be able to load money into their wallets using their debit cards after registering with their ID cards.
Users can contact people in their contacts via Novi. when they send USDP, the receiving party receives this money in local currency can withdraw to your account.