Diem, a Facebook-backed crypto project, has responded to attempts by the United States Senate to shut the launch of its Novi wallet by distancing itself from the social media giant.
The crypto project, yesterday, launched the Novi wallet which would “help people send and receive money abroad instantly, securely, and with no fees.” However, this was met with stiff opposition from the US lawmakers who wrote an open letter to Mark Zuckerberg to discontinue the digital wallet project.
In the letter signed by members of the U.S. Senate Banking Committee, they revealed that this is their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet,” while urging Facebook “to immediately discontinue Novi pilot and to commit that you will not bring Diem to market.”
Interestingly, the Novi wallet launch continued despite the hostilities from the senate as it is currently listed on Apple and Google’s app stores for download.
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