#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 -
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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
For investors following the sector Investor Ideas has a
comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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