Facebook has changed the name of the digital wallet to be used with its new cryptocurrency, the latest in a number of changes to the digital currency and its ecosystem.

The virtual wallet associated with the libra virtual currency will now be known as Novi.

The change is the latest in a series of tweaks to the libra network since its unveiling last June, following intense scrutiny from global banks and regulators.

Not changed

In response, libra’s governing body, the Libra Association, said it would offer “stablecoins” backed by single national currencies.

In its announcement of the digital wallet name change, the libra network said plans for Novi had not changed – with users eventually able to use it as a standalone app to send money, as well as in Facebook messaging platforms Messenger and WhatsApp.