In May 2020, Facebook introduced Novi — a digital wallet that people may use to send and hold Diem (formerly known as Libra) digital currency. Diem is a blockchain-based payment system created by the social media giant planned at being implemented as a cryptocurrency.
According to a Facebook blog post, Novi originated from the Latin words “novus” (meaning “new”) and “via” (translated as “way” in English) denoting that is it the new way to send money, and its visual identity and design represent the fluid movement of digital currencies. The company also included a nod to the Libra icon in the brand logo to show its commitment to the Libra Network.
The Libra Network (also referred to as the Libra Association) serves as the coordinator and framework of governance decision-making provider for the Diem network and Diem Reserve. It also oversees the operation and evolution of the Diem payment system, facilitates the provision of services on top of the Diem Blockchain in a safe and compliant manner, and establishes social impact grant-making in support of financial inclusion.
Novi promises to make sending, spending, and receiving digital payments in Messenger, WhatsApp, and the Novi app simple, secured and instantly based on their belief that when money moves freely it is better for everyone, everywhere.
It seems that Facebook Philippines is on a hiring mode with several positions related to Novi posted in Facebook Careers over the weekend:
- Novi Help Operations Investigator
- Team Lead, Novi Help Operations Investigations
- Client Solutions Manager, Philippines
- Learning Business Partner – Customer Help, Novi
- Onboarding Coordinator, Novi
- Agency Solutions Manager, Philippines
- Learning Business Partner – Fraud, Novi
- Communications Manager, Philippines
Could this be a sign that the social media company is seriously considering offering Novi services to the Filipino people? If ever Novi becomes available in the Philippines, will you be using it? Will you be applying for a job at Facebook with all these openings?