Facebook has revealed it is ready to launch a digital wallet that would let users store cryptocurrencies.

This information is disclosed by Head of Facebook’s crypto unit, David Marcus in US on Wednesday.

Marcus said the company leaders “feel pretty committed” to launch the digital wallet called Novi this year.

He said, “In theory, Novi could launch before Diem, but it would mean launching without Diem and that’s not necessarily something that we want to do.

“It all depends on how long it’s going to take for Diem to actually go live and that’s not something I’m personally looking after.”

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