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Facebook Crypto

Facebook Pilots Novi Crypto Wallet Without Diem

By Hannah Miller
· · Source: The Information

Facebook began piloting its Novi crypto wallet in the U.S. and Guatemala on Tuesday, even though the diem cryptocurrency the company is helping to develop is not yet ready. Diem was originally supposed to pair with Novi, but the wallet will use Paxos ’ USDP stablecoin instead—stablecoins are cryptocurrencies that have their value tied to an outside asset and in USDP’s case, it’s the U.S. dollar....

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The Information’s second Creator Economy Summit is happening this Wednesday. For the past two months, I’ve been preparing for our interviews with creators, startup leaders and executives at major tech companies including Instagram, YouTube and Pinterest. (You can still register here.) This prep work has come at a pivotal time for the industry. When we held our first summit in late October,...
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