In a recent interview with financial news site Bloomberg, head of Facebook’s crypto division David Marcus said that Facebook is mulling over using its Novi digital wallet to support non-fungible tokens (NFTs).
While Marcus did not reveal any specific plans related to NFTs, he said that the company is in a good position to consider this strategy. He said:
“When you have a good crypto wallet, like Novi will be, you also have to think about how to help consumers support NFTs.”
Further adding to the statement, he noted:
“It’s really an area that is worth exploring, and one where we can have a positive impact for both creators and consumers.”
Marcus, later on, revealed that the company might issue the wallet without launching Facebook’s ‘Diem’ currency citing regulatory concerns over data privacy and potential money-laundering issues.
Meanwhile, he raised concerns about the suitability of Bitcoin as a good medium of exchange. He remarked:
“If you’re sending money around the world, you can’t have the value of the asset that you send decrease by 20% in a day or 10% in a day. That’s a volatility that’s actually inappropriate for payments. Maybe one day but not right now.”