How Novi works. People with the Novi wallet can convert dollars or other fiat currency into USDP stablecoins , send those to other wallets, take money back out of the wallet in local currencies and even withdraw cash at certain locations or transfer it to a bank account, depending on where the user lives.
Read moreHow do I get a Diem wallet?
To get a Novi wallet, you’ll just need to verify your identity by providing a form of government-issued ID such as your passport or driver’s license . Not only does the Novi wallet have built-in fraud protection, but Diem itself is a stable cryptocurrency backed with cash equivalents in the Diem Reserve.
Read moreHow to Buy Novi cryptocurrency?
Get started with Novi.
Read moreIs Novi a cryptocurrency?
Novi is a digital wallet that helps people send and receive money internationally — instantly, securely, and with no fees. To start, Novi uses USDP (Pax Dollar), a digital currency which runs on secure blockchain technology. People can sign up for Novi by downloading the Novi app.
Read moreCan I invest in Novi?
Coinbase said Novi users who take part in the pilot can buy Pax Dollar (USDP) via their Novi account , which the Coinbase Custody will hold on behalf of Novi. Novi users will have the option to transfer USDP between each other instantaneously.20 Eki 2021
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