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.
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To start, Novi uses Pax Dollar (USDP), a stablecoin that runs on secure blockchain technology. Stablecoins are pegged to the U.S. dollar. People can sign up for the Novi digital wallet by downloading the Novi app . It soon will be available in additional Meta apps, like Messenger and WhatsApp, according to the website.
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