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Diem Association Board Member Said Novi Is Ready To Enter The Market
Summary: David Marcus, a member of the board of directors of the Diem Association and head of Facebook's blockchain work, wrote in a blog post on Wednesday that the global payment system has serious flaws. Good stablecoins, currency protocols, and digital wallets can be used to repair damaged payment systems. And Novi, the digital wallet subsidiary ...
David Marcus, a member of the board of directors of the Diem Association and head of Facebook's blockchain work, wrote in a blog post on Wednesday that the global payment system has serious flaws. Good stablecoins, currency protocols, and digital wallets can be used to repair damaged payment systems. And Novi, the digital wallet subsidiary he oversees, is "ready to come to the market".
He said: "we publicly committed that we would not launch Novi on Libra (now Diem) without the necessary regulatory approvals, and that we would engage with regulators, policy makers, and experts as we developed our product. We have stayed true to these commitments and engaged in constructive consultations with regulators and policy makers around the world. In the US, we have secured licenses or approvals for Novi in nearly every state, and we will not launch anywhere we have not yet received such clearances."
By Mary Liu
Tags: David Marcus,Diem,Novi
Link: Diem Association Board Member Said Novi Is Ready To Enter The Market [Copy]
