THELOGICALINDIAN - Calibra the agenda wallet Facebook advised to be acclimated with its cryptocurrency Libra has now been renamed to Novi The aggregation accustomed a new accessory Novi Financial that will be tasked with developing the anew rebranded wallet
Libra’s Old Digital Wallet Gets a New Identity
Facebook’s awful contested agenda bill Libra has been in the action of rebranding back aftermost summer, back added burden from regulators bound shut bottomward the aggressive project. In band with its new and aesthetic approach, Facebook has announced that it has rebranded Calibra, the agenda wallet it hoped would be acclimated alongside Libra.
According to the company’s blog post, the new wallet will be alleged Novi, aggressive by the Latin words “novus” for “new” and “via” for “way.” Apart from a new name, the Novi wallet was accustomed an absolutely new beheld character and design. The latest Novi logo alike has a nod to the Libra icon, which Facebook says underscores the company’s charge to the Libra network.
The app will be accessible both as a standalone app and chip into Facebook’s Messenger and Whatsapp, acute users to verify their accounts through a government-issued ID.
Facebook is Distancing Itself From Libra With Novi
Facebook said that an aboriginal adaptation of Novi will be alien to baddest countries already the Libra arrangement becomes available.
The aggregation alike set up a new subsidiary, alleged Novi Financial, which will be tasked with introducing the Novi agenda wallet. And while Facebook said that Novi Financial will accomplish independently, the amusing media behemothic has fabricated it bright that Novi is a Facebook project.
However, the aggregation has fabricated a abundant accomplishment to ambit itself from Libra.
“We begin the old name was a little too abutting to the name of the Libra payments network. So we’ve fabricated an amend to accomplish abiding there is bright adverse and clarity,” David Marcus, the co-creator of Libra wrote in a post.
Showing that Libra is an absolute article Facebook is alone a affiliate of comes as no surprise. The aggressive activity bound became arguable as abundant regulators both in the U.S. and common accept against Libra, arch some of its best high-profile partners, such as Visa and PayPal, to cut ties.
