How does Novi work?

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.

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How 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.

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Is 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.

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Can 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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How do I invest in Novi wallet?

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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