Facebook's yet-to-be-minted Libra digital coins is renamed ‘Novi’. ― AFP pic
The rebranding replaces the original name of “Calibra” for the Facebook digital wallet which would work with the planned virtual currency. The name “Novi” was derived from Latin words for “new” and “way,” according to an online post by head of the digital wallet project David Marcus. Free Novi digital wallet promises eventually to give Facebook opportunities to build financial services and expand e-commerce offerings.The leading social network is just one of an array of members in a Libra Association formed to oversee the eponymous financial payments system.
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