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Sending Money Home

Kevin Weil, Novi
With Tina Seelig, Stanford University

One challenge to scaling Novi, explains Novi VP of Product Kevin Weil, is that Libra will require an integrated global ecosystem before it can become a part of peoples’ everyday lives. So how could Novi add value with their service before that ecosystem is fully built? He describes how the team zeroed in on remittances — cross-border payments often made by workers sending money back to family in their home countries.