Facebook Inc (NASDAQ: FB) executive David Marcus announced the impending launch of Novi, the company's digital wallet, to tap into unbanked consumers and growing digitization due to the pandemic.
- Facebook will integrate the digital currency wallet into Facebook apps.
- The company aims to offer domestic and international payments free of cost with cheaper merchant payments to businesses.
- Marcus also defended stablecoins and their wallets, citing more efficient detection of illegal activities than the traditional financial system.
- Marcus added that stablecoins held 1:1 reserves in cash at U.S. banks and very short-term Treasuries for better consumer protections.
- He also defended Facebook's digital currency plans.
- PayPal Holdings Inc (NASDAQ: PYPL) and Fiserv Inc (NASDAQ: FISV) just partnered to facilitate direct paycheck remittance to Venmo wallet.
- Paysafe (NYSE: PSFE) recently agreed to acquire payments platform SafetyPay.
- FB Price Action: Facebook shares were down 0.8% at $355.45 at last check Wednesday.
关注我们