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Facebook Could Launch Digital Wallet To Store Cryptocurrencies: Report

Facebook is accessible to barrage a agenda wallet that would let users abundance cryptocurrencies, a chief aggregation controlling said in a US media account Wednesday.

David Marcus, arch of Facebook's crypto unit, told The Information account armpit that aggregation leaders "feel appealing committed" to barrage the agenda wallet alleged Novi this year.

Marcus said he would accept adopted to absolution Novi alongside Diem, a agenda bill angry to the dollar that the aggregation is additionally developing, but Diem's timing was uncertain.

"In theory, Novi could barrage afore Diem, but it would beggarly ablution afterwards Diem and that's not necessarily article that we appetite to do," Marcus told The Information.

"It all depends on how continued it's activity to booty for Diem to absolutely go alive and that's not article I'm alone attractive after."

In 2019 Facebook said it affairs to acquaint a cryptocurrency that at the time was alleged Libra. The activity about faced authoritative attrition over apropos about aegis and reliability.

In December 2020 the Libra afflicted its name to Diem and confused its operations from Switzerland to the United States as allotment of a "strategic shift."

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