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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‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time. More recently, SoFi Technologies, the financial services company Noto leads as...
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