Facebook Wallet new feature ‘Novi’ – All you should know

Facebook Wallet
Novi Wallet

Get ready to ease your life digitally. Facebook has always rolling out latest and the smartest systems regarding Facebook Wallet. The ‘Novi’ wallet will be a stand-alone app and can also be used within Messenger and WhatsApp. After digital marketing and selling online this time it’s turn of Digital Wallet. Wherever you are just do your task and leave the rest on developers.

The latest system of Facebook is the launch of its new Facebook wallet to hold and transact Libra. The social network’s payment system. The system will ease the peoples transaction from anywhere in the world. The e-wallet is name as ‘novi’ in which users must register themselves to transect Facebook’s Libra currencies.

To being your transaction and proceed further the user will have to just register using any government issued ID which will also secure transfer. For more security the system has also in built fraud protection. Which will ensure the protection of money across the nations.

On questions regarding service charge the Facebook said that it would not add any hidden charge to add, send, receive or withdraw using ‘Novi’. The company also claims the fund transfers will be instant. Facebook has also ensured privacy policy that there won’t be any data share to third parties without the consent of the customer.

Facebook said that the Facebook Wallet is built on block chain technology and that the money in it is backed by Libra Reserve of assets made up of cash or cash equivalents and short-term government securities. Regarding money adding to the app, there is no information yet. How the application will attract the customer in future will be known soon.

Facebook Wallet
Novi Wallet (source)

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