SAN FRANCISCO - Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed"Novi" on Tuesday .
The Novi digital wallet set to launch when Libra coins debut promises to give Facebook opportunities to build financial services into its offerings, offer to expand its own commerce and let more small businesses buy ads on the social network. "It's a new way to send money, and Novi's new visual identity and design represent the fluid movement of digital currencies," Marcus said.Novi will work as a separate app for smartphones and also be woven into Facebook-owned communication services Messenger and WhatsApp, according to Marcus.
Backers of Libra argue it can help people outside the banking system by lowering costs for many kinds of payments and transactions; critics say it could disrupt the global monetary system and currency markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyphens Pharma revs up digital push amid Covid-19HAVING transformed its traditional wholesale business into an online medical hypermart two decades ago, Hyphens Pharma International is now reaping the benefits of its digital strategy. The company, which sells pharmaceuticals and other consumer healthcare products, is now exploring how digital technology can aid other segments of its business too. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Parliament: More than 60 projects supported by Digital Presentation Grant for the Arts amid Covid-19SINGAPORE - A digital presentation grant for the arts in the time of Covid-19 has supported more than 60 projects so far, Senior Parliamentary Secretary for Culture, Community and Youth Baey Yam Keng told Parliament on Tuesday (May 26).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Fortitude Budget: Up to S$5,000 payouts for F&B, retail businesses that go digitalTHE Singapore government will allocate more than S$500 million to support businesses in their digital transformation, Deputy Prime Minister Heng Swee Keat announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Commentary: The case for universal digital access, as home-based computing becomes a post-pandemic normIn an increasingly digital world where more will work and learn from home, reliable technology and Internet access are needs not wants, say ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Government has bridged digital divide but has ‘humility’ to try to do more: IswaranSINGAPORE — Two Nominated Members of Parliament (NMPs) on Tuesday (May 26) called for universal digital access that would make the internet a public utility — akin to electricity and water — rather than a privately supplied service. They said Covid-19 had exposed a “digital divide” in Singapore.
Source: TODAYonline - 🏆 1. / 99 Read more »
Fortitude Budget: More than S$500m allocated to support digital transformation of businesses amid COVID-19 outbreakSINGAPORE: More than S$500 million of the Fortitude Budget will be allocated to support the digital transformation of businesses, including ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »