Head of Novi David Marcus on Facebook's Digital Wallet (Full Interview)

Head of Novi David Marcus on Facebook's Digital Wallet (Full Interview)

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Interactive Video

Business

University

Hard

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The transcript discusses the progress and challenges of DM, formerly Libra, and its transition to a US-regulated stable coin. It covers the readiness of Facebook's Novae digital wallet, emphasizing the need for trust and compliance. The potential use of fiat currencies is considered, but the focus remains on launching with a stable coin. The discussion extends to stable coins, CBDC, and the role of Bitcoin, highlighting the need for improved payment infrastructure. The Metaverse is explored as a future digital environment, with Novae and DM potentially playing key roles. The transcript concludes with future plans for Novae and DM.

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10 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the original goal for the launch of Libra?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main reasons for the delay in the launch of DM?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker describe the current payment system in the US?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the key features that the speaker believes are necessary for a successful digital wallet?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of trust in the context of Facebook's digital wallet?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential benefits of using stable coins according to the speaker?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the speaker mention regarding Bitcoin as a transactional currency?

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