Facebook changes the name of the Libra-Wallet from the Calibra to Novi

Facebook Calibra-Wallet is now called Novi, and is available as a standalone App available. Also the Integration in WhatsApp and the Messenger is possible.

Facebook announced that the Libra-storage-developed Wallet Calibra name Novi. The Social Media giant wants to provide users with the digital wallet of the people is the storage of Libra.

In a blog post for the renaming of Novi and formerly known as Calibra-chief David Marcus says that the company has the Latin words “novus” for “new” and “via” for “road” for inspiration.

According to company data in Novi will be a standalone digital wallet. It was developed by the new subsidiary, Novi Financial and works completely independent of Facebook.

The first product from the house of Novi Financial is the digital wallet of Nov. It was as a new means of payment for Libra develops and works on the Basis of the innovative Blockchain technology,“ said Marcus.

Marcus added that the stated goal of the Novi was “to make the payment for shipping in a similar way to the transmission of messages”. In this context, the Wallet is also included in the popular Facebook-owned Apps, Messenger, and WhatsApp.

The renaming is not the only one Facebook announcement. Also, a new Logo will be communicated. The previous style was discarded because there were visual Similarities with the Logo of another company, which was controversial.

The new Design is a simple “novi”. It also includes the Symbol of Libra, what you want to stress, according to Marcus specifically the Facebook-participation in the System under

New Logo/Novi.com

 

The Novi-Wallet, important features include an “instant and secure cross-border money transfers”. Hidden fees, the companies are not incurred for the benefit of service users.

 

 

Bumpy path for Libra

 

 

Facebook had announced Libra in the year 2019. The company and CEO Mark Zuckerberg saw any increase in audits by regulatory authorities. A US congressional hearing took place. Probably the way the project is going to be a bumpy, before the world, Libra is able to receive in the Form money and spend it how Facebook imagines it to be.

The of Facebook for the introduction of digital currency established in Libra, the Association lost because of regulatory reasons, a number of its 28 founding members. Adopted have a Visa in Switzerland, home organization, among other things, and PayPal. Other new members joined the network, increasing the number of members increased recently to 27. Until the beginning of may, three new companies joined the network.

The Libra-payment system should support multiple digital currencies. These are tied to Fiat currencies, to include the “real” currencies, the US Dollar, the British pound and the common currency, the Euro.

When the Novi-Wallet to come for Libra to the market, not has Facebook announced so far. Novi Financial would, however, start by his own admission, an early Version, as soon as the Libra network is available.

To start the Wallet in a number of selected countries. However, until the necessary permits and licenses for the subsidiary.