Facebook Might Use Its Novi Digital Wallet To Support NFTs Soon.

Facebook Might Use Its Novi Digital Wallet To Support NFTs Soon.

2021-08-25 | Eddy Morgan

Facebook Might Use Its Novi Digital Wallet To Support NFTs Soon.

Facebook is “definitely thinking about” employing its Novi digital wallet to support NFTs [Non-fungible Tokens], David Marcus, the company’s head of financial services, outlined. Facebook is within a good position to explore supporting NFTs via its new digital wallet, though it's too early to speak about specific plans, Marcus added within in an official interview with Bloomberg earlier on Tuesday.
"When you've got a great crypto wallet as Novi will be, you furthermore may need to believe the way to help consumers support NFTs," he explained. Facebook that "is definitely thinking about this."
Asked about concerns over the social media giant's moves into financial services, Marcus restated his position, aired within a recent official web-blog post, that Facebook deserves "a fair shot" at earning people's trust given the company's history of bringing competition to areas like communication and thus reducing costs of text messages as well as international calls.
"I completely understand the scrutiny and therefore the trust conversations, but I'm not advocating for complete trust. I'm advocating for an attempt to earn people's trust over an extended period of time," he outlined.

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