2021-10-20 15:57 |
The call came right after Facebook launched its digital wallet Novi through which it will “offer free person-to-person payments” that will ultimately use stablecoins Diem, pending regulatory approval.
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Regulators from the banking, consumer protection, and antitrust sectors are urging Meta (formerly Facebook) to put its Novi project on hold. The post Meta Under Scrutiny, US Watchdogs Call for Novi Pilot Investigation appeared first on BeInCrypto.
Facebook, whose Payments system is already being used in more than 160 countries in 55 currencies, is beating Twitter, which plans to integrate BTC Lightning Wallet in every account. Meanwhile, Ethereum co-founder is skeptical of both the social media giant's plans in the crypto space.
Amid a raft of changes, Libra is evolving to become a significantly different project than what was originally announced in mid-2019. Tweeting on Saturday, crypto VC fund IOSG Ventures highlighted the differences between the contents of the updated Libra white paper and the June 2019 iteration.