Company Information

Get to know Novi

Novi was a digital wallet project initiated by Meta Platforms, Inc. (formerly Facebook) to provide a simple, secure, and low-cost way for people to send and receive money internationally. Originally announced as "Calibra" for the "Libra" cryptocurrency, it was rebranded to Novi and intended to operate on the Diem blockchain. The project aimed to foster financial inclusion by enabling instant cross-border transactions. However, facing significant regulatory and political pressure globally, the Diem project was ultimately dismantled. Meta launched a small pilot of Novi in the US and Guatemala using the Paxos Dollar (USDP) stablecoin, but announced the end of the pilot and the discontinuation of the entire Novi service on July 1, 2022, with the service officially shutting down on September 1, 2022.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

Contact

Social

Company hasn't updated its information.

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Novi

United Kingdom

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.