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by iso-8859-1 2220 days ago
> Will Novi charge fees?

"What you send is what they get. You can add, send, receive, and withdraw money from your wallet without worrying about hidden charges. Novi is cutting fees to help people keep more of their money."

What a weird evading answer. "Cutting fees"? That doesn't sound like 0.

3 comments

I guess what that means is the "fee" is cut out from the flow. Meaning it's not there.
Then why didn’t they just say “zero fees”? Marketing around financial products is usually pretty clear when the answer is simple. They’re definitely leaving an opening here.
Don't all startups have zero fees in the early days? You have to do that to get adoption.
I mean, they'll control the supply and be able to make more in a snap, so they don't need "fees" if they can pay themselves without anyone knowing.
All their documentation says they will never do this.
Sounds like they'll take care of the fees like Argent wallet does