Tuesday, May 24, 2022
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Novi on Facebook launches Guatemalan and US pilot program using Pax Dollars – Bitcoin News

Novi, Facebook’s digital wallet, launches a pilot program to test service performance in two countries: Guatemala and the United States. Novi will use the dollar as the main currency in the investigation, but David Marcus, head of Facebook Financial, said regulators are still planning to launch it with Deem once it is light.

Launches Test Pilot Without Novi Deem

Novi is now Facebook’s digital wallet Running David Marcus, head of Guatemala and Facebook Financial, said: Marcus said the transmission corridor between the two countries is very important as many Guatemalans do not have access to financial services but have access to a smartphone.

However, the pilot did not previously use the Facebook-backed cryptocurrency. Instead, Novi decided to start the pilot using Pax Dollar, an already established fixed cocaine sponsored by Paxos, a financial services company based in New York. Was Coinbase selected As a fund trustee for the pilot, to keep users’ funds secure through its trust platform.

Use stationary on the table

Marcus explained that although the pilot program does not use dime as a platform transaction asset, Novy has the idea of ​​using crypto in the near future. He mentioned:

I want to make it clear that our support for Deem has not changed and that we intend to launch Novi with Deem once regulatory approval is received and live. We care about interaction and we want to do it right.

Therefore, Novi has not given up time and is waiting for the project to overcome the regulatory hurdles it faced from the beginning. However, this test pilot program confirms Novi’s interest in establishing itself as a serious player in the payments market. Marcus stated that in the end this should be the primary focus, and that the goal was for Novi to make a profit through free payment and trade interaction with each other once it had a strong customer base.

What do you think of Novi’s test pilot program? Tell us in the comments section below.

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