David Marcus , head of the Novi cryptocurrency wallet development unit, called the main cryptocurrency a good investment asset, which is not suitable for paying for goods and services due to high volatility.
The head of the Facebook Novi division, David Marcus , said in an interview with Bloomberg that the company is not considering using bitcoin as a means of payment, but considers it a good investment asset.
According to Marcus , the high volatility of the main cryptocurrency does not allow using it for making payments.
“If you send money all over the world, you cannot afford to reduce the value of the asset you send by 20% per day or 10% per day. This volatility is not acceptable for payments, ”explained Marcus .
The head of Facebook Novi also noted that the company is considering using non-fungible tokens (NFT).
Novi is a division of Facebook that develops a cryptocurrency wallet of the same name. Last week, Markus published an article in which he announced that the development of Novi has already been completed and the crypto wallet will soon be brought to the market.
In July, it became known that the social network Twitter will support Bitcoin. According to CEO Jack Dorsey, the first cryptocurrency will be integrated into existing Twitter products and services, including paid subscriptions, commerce, and the ability to support creators.
