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Cryptocurrencies: Facebook launches a pilot in the United States and Guatemala

22/10/2021
Categories: Economy/Forex

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Facebook will roll out a pilot of its Novi digital wallet in the United States and Guatemala. The announcement was made through a series of tweets from David Marcus, in charge of the F2 (Facebook Financial) group at Facebook (Facebook Pay, Novi, payments and financial services) and co-creator of Diem.

Facebook's Novi is touted as a new digital wallet for the Diem payment system. Thus, failing to immediately launch its stablecoin diem project (ex-Libra), Facebook will deploy a pilot of its Novi digital wallet in both countries. In Guatemala, 56% of people do not have access to financial services, while almost 100% have a mobile phone. Money sent by family and friends abroad contributes more than 14% of GDP and 90% of these remittances come from the United States.

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