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Facebook has joined forces with Coinbase on a new effort to create a digital wallet that allows people to send money internationally without any fees.
According to a letter from Facebook, Facebook's Novi, which has been in the works for years, will be running pilot programs in the US and Guatemala. Novi is available to anyone in the US except those living in Alaska, Nevada, New York and the US Virgin Islands.
The tool lets people send USDP -- a stablecoin pegged to the price of the US dollar -- which can then be withdrawn in a local currency. USDP is one of a number of cryptocurrencies pegged to the US dollar.
In a blog post, Coinbase explained that it is providing Novi with its proprietary, fully segregated cold storage capability for managing private keys called Coinbase Custody.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/topic/social-media-and-its-influence
Facebook has joined forces with Coinbase on a new effort to create a digital wallet that allows people to send money internationally without any fees.
According to a letter from Facebook, Facebook's Novi, which has been in the works for years, will be running pilot programs in the US and Guatemala. Novi is available to anyone in the US except those living in Alaska, Nevada, New York and the US Virgin Islands.
The tool lets people send USDP -- a stablecoin pegged to the price of the US dollar -- which can then be withdrawn in a local currency. USDP is one of a number of cryptocurrencies pegged to the US dollar.
In a blog post, Coinbase explained that it is providing Novi with its proprietary, fully segregated cold storage capability for managing private keys called Coinbase Custody.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/topic/social-media-and-its-influence