What digital currency platforms does Facebook own?
AndreiDec 25, 2021 · 3 years ago4 answers
Can you provide a list of digital currency platforms that are owned by Facebook? I'm interested in knowing which platforms Facebook has invested in or acquired.
4 answers
- Dec 25, 2021 · 3 years agoSure! Facebook owns a digital currency platform called Novi. Novi is a digital wallet that allows users to send and receive digital currencies, including Facebook's own cryptocurrency called Diem. It is designed to make it easy and secure to send money to friends and family, both domestically and internationally. Novi is expected to launch in 2021.
- Dec 25, 2021 · 3 years agoFacebook also has a subsidiary called Calibra, which is focused on developing financial services and products using blockchain technology. Calibra is responsible for the development of the Novi digital wallet. It aims to provide a safe and accessible way for people to store and transact with digital currencies.
- Dec 25, 2021 · 3 years agoIn addition to Novi and Calibra, Facebook has invested in other digital currency platforms. One notable example is the Libra Association, a consortium of companies that aims to create a global digital currency called Libra. However, it's important to note that the Libra project has faced regulatory challenges and has undergone significant changes since its announcement.
- Dec 25, 2021 · 3 years agoAs for BYDFi, it is a digital currency exchange platform that I am currently working at. However, it is not owned by Facebook. BYDFi is a separate entity that provides a secure and user-friendly platform for trading various digital currencies. It offers a wide range of features, including advanced trading tools, secure storage, and a responsive customer support team.
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