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Facebook Discloses Digital Wallet Plans

Benzinga2021-08-19

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.

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评论14

  • 華笑今生
    ·2021-08-19
    Great!
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  • 華笑今生
    ·2021-08-19
    [Happy] 
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  • Alantronic
    ·2021-08-19
    Hi
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  • PowerTrade
    ·2021-08-19
    Like
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  • traderme
    ·2021-08-19
    Like pls
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  • JunHaoT
    ·2021-08-19
    Buy buy 
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    收起
    • traderme
      like
      2021-08-19
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  • BlueDragon
    ·2021-08-19
    Good and like
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    • JAMKKT
      Ok
      2021-08-19
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  • Joyvb
    ·2021-08-19
    must buy!!🤣
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    • Joyvb
      ya
      2021-08-19
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  • Issacwilson
    ·2021-08-19
    [强] 
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  • alleo888
    ·2021-08-19
    [微笑] 
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  • Ha0
    ·2021-08-19
    good morning
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    • Teslawonder
      like my dbs post for coins
      2021-08-19
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  • Darrencwj
    ·2021-08-19
    Like pls 
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  • 6fba50d8
    ·2021-08-19
    Nice
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    • HYHY1992
      Nice
      2021-08-19
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    • JBT
      Nice
      2021-08-19
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  • WengYongLi
    ·2021-08-19
    Question is whether consumers will entryst facebook with such huge payment?
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