‘We plan to earn people’s trust’

Facebook (FB) has big plans for expanding in the world of financial services. It wants to become the planet’s preeminent digital wallet and supplant established players like PayPal (PYPL) in the process.

The social network’s Novi division will be “a next generation digital wallet” built upon cryptocurrency that will be nothing short of a new “protocol for money on the internet,” according to David Marcus, head of Facebook Financial, who’s taking the lead in launching Novi in the…


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