'You'll be able to use Novi as a stand-alone app, as well as in Messenger and WhatsApp,' the tech giant.
Facebook has once again made changes to the controversial Libracryptocurrency project following widespread criticism.
The technology giant announced a new name for the Calibra digital wallet, which is being developed to store and spend digital currencies.
Calibra will now be known as Novi and will support a series of so-called stablecoins, which are tied to traditional currencies.
Customers will be verified using government-issued ID in order to prevent fraud. Other security protections will also be built-in to the app, Facebook said.
To get started with Novi, visit https://novi.com/
Thank you.
Facebook first announced its Libra cryptocurrency and Calibra wallet almost a year ago, initially stating that it would be launched in 2020.
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