#CryptoCorner Episode 406-Calibra Changes Name to Novi, Samsung Introduces Security Solution to Enhance Mobile Data Protection – Including #Crypto

#CryptoCorner Episode 406-Calibra Changes Name to Novi, Samsung Introduces Security Solution to Enhance Mobile Data Protection – Including #Crypto

Point Roberts, WA, Delta BC May 27, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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Stocks discussed: (NasdaqGS:FB) (KSE:005930)

Calibra, the digital wallet associated with Facebook’s (NasdaqGS:FB) Libra digital currency project, has announced that it is changing its name to Novi. A representative from Novi explained the name change in a comment to Cointelegraph:

“When we announced Libra and Calibra last June, we wanted to demonstrate that Calibra, the digital wallet, was closely linked to Libra, the global payment system. Both brands were born out of the same vision, to give people more access to the global economy. However, we’ve found that Calibra and Libra sounded too similar and people were getting confused, so we set out to create distinction between the two.”

According to the press release, the name Novi “was inspired by the Latin words “novus” for “new” and “via” for “way.”

Samsung Electronics (KSE:005930) has introduced a standalone turnkey security solution comprising a Secure Element (SE) chip and enhanced security software which elevates data protection for mobile devices. Dongho Shin, senior vice president of System LSI marketing at Samsung Electronics, explained this innovation and how it pertains to mobile crypto transactions:

“In this era of mobility and contact-less interactions, we expect our connected devices, such as smartphones or tablets, to be highly secure so as to protect personal data and enable fintech activities such as mobile banking, stock trading and cryptocurrency transactions. With the new standalone security element solution (S3FV9RR), Samsung is mounting a powerful deadbolt on smart devices to safeguard private information.”

CoinDesk reports that crypto custodian BitGo is launching a fully integrated suite of brokerage services for institutional investors under the name BitGo Prime. According to the piece, the new entity has “already launched crypto lending services, and plans to expand these as well as build liquidity on its platform this year.” BitGo CEO Mike Belshe explained part of the project’s goal as drawing “more financially conservative clients”:

“I think traditionally we’ve had the problem of you’ve got this separation of crypto on this side and you know traditional assets on this side and never too shall meet. I think we are starting to see some good signs that there’s going to be crossover.”

Sam Mowers, Investorideas

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