Facebook renames digital wallet for Libra crypto as Novi

Credit: CRN- Published on May 27, 2020
Read Article Facebook has said that it has changed the name and brand of its digital wallet designed for Libra cryptocurrency project — from Calibra to Novi. The Libra project, a new payment system which is built on blockchain technology, has faced regulatory challenges in the past for perceived threat to monetary sovereignty...

Video credit: Wochit
Published on May 26, 2020 -  00:33
Facebook Rebrands Cryptocurrency Wallet
Facebook announced today that it would be completely rebranding the wallet for its long-anticipated cryptocurrency—perhaps in an attempt to shake off its troubled reputation. “Today, we’re excited to introduce Novi—the new name and brand for the digital wallet that will help people send and hold Libra digital currencies,” said Novi’s head, David Marcus, in a company blog post earlier today. “While we’ve changed our name from Calibra, we haven’t changed our long-term commitment to helping people around the world access affordable financial services.”

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