News > Facebook renames digital wallet for Libra crypto as Novi

Facebook renames digital wallet for Libra crypto as Novi

Business Insider | 27/05/2020 07:00 AM | Click to read full article

The Libra project, a new payment system which is built on blockchain technology, has faced regulatory challenges in the past for perceived threat to monetary sovereignty and other issues, leading to the withdrawal of several heavyweights. "We'll roll it out in an initial set of countries, with features that will make cross-border money transfers instant, secure, and with no hidden fees."