Facebook-led Crypto Project Diem to Be Sold Off for $200M: Report
By / January 26, 2022, 11:08 pm EST

Silvergate will reportedly pick up the tab for the Facebook-led Diem association’s off loading of its crypto tech

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Meta’s Novi Wallet Debuts Payments in WhatsApp
By / December 9, 2021, 12:30 pm EST

The payment service initiated by Facebook is piloting its wallet for sending Paxos’ USDP stablecoin

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Facebook Parent Meta Reverses Crypto Ad Ban
By / December 2, 2021, 6:37 am EST

Facebook initially banned crypto ads in the January 2018 as the digital asset market imploded after the ICO bubble popped.

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Facebook Likes Coinbase Custody for Digital Wallet Pilot Program
By / October 19, 2021, 11:52 am EDT

Novi, Facebook’s digital wallet, will go live in the US and Guatemala in a pilot program, allowing users to purchase the Paxos Dollar stablecoin with Coinbase as custodian.

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Facebook’s Novi Digital Wallet Could Support NFTs in Future, Exec Says
By / August 25, 2021, 1:58 pm EDT

The tech giant is “definitely looking” into ways to incorporate non-fungible tokens into its new financial product, Novi, Facebook’s Financial Head said.

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Facebook: We Can Rebuild the Broken Payments System
By / August 18, 2021, 11:52 am EDT

Facebook has faced unfair resistance from regulators, said David Marcus, head of the financial services branch, but the tech giant is committed to revolutionizing payments systems.

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