Currently launched as a pilot, Novi will initially allow users to send money from the US to Guatemala, using the stablecoin digital currency Pax Dollar, which they can hold in a digital wallet and convert into the local currency. Facebook ultimately plans to use its own cryptocurrency Diem for the service, although …
Read moreHow do I withdraw money from Novi?
Their recipients can either keep the money in their Novi balance or withdraw it in their local currency by picking up cash at a nearby location or transferring it to their bank account .
Read moreWhat is Crypto Novi?
A digital wallet is used to store and secure cryptocurrencies. Novi is a digital wallet that can be used to send and receive Diems .
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