Facebook is starting to roll out a small pilot of the Novi digital wallet app in Guatemala and the United States. Novi is a digital wallet that aims to help people send and receive money abroad instantly. Novi uses digital currencies that make sending money as easy as sending a message, starting with USDP (Pax Dollar). However, the company also intends to migrate Novi to the Diem payment network once it receives regulatory approval. "The goal for Novi has been and always will be to be interoperable with other digital wallets and we believe a purpose-built blockchain for payments, like Diem, is critical to deliver solutions to the problems that people experience with the current payment system. Read more in our articles including "Facebook announces 'Novi' digital currency wallet" and "Western Digital Around the World Contest".
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Apr 29, 2026Facebook is starting to roll out a small pilot of the Novi digital wallet app in Guatemala and the United States. Novi is a digital wallet that aims to help people send and receive money abroad instantly.
Novi uses digital currencies that make sending money as easy as sending a message, starting with USDP (Pax Dollar). However, the company also intends to migrate Novi to the Diem payment network once it receives regulatory approval. "The goal for Novi has been and always will be to be interoperable with other digital wallets and we believe a purpose-built blockchain for payments, like Diem, is critical to deliver solutions to the problems that people experience with the current payment system.
Our coverage of Novi digital wallet app includes: "Facebook announces 'Novi' digital currency wallet"; "Western Digital Around the World Contest"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.