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Meta ends digital currency wallet Novi

Novi

 
Meta (Facebook) announced on July 2nd local time that the digital wallet “Novi” that enables remittance of digital currencies will end on September 1st.
 
The company is informing users to withdraw their balance as soon as possible.

Trial operation started in October 2021

Meta is about Novi on its site
 

Novi is a digital wallet for safe and speedy overseas remittances. Novi uses USDP (Pax Dollar), a digital currency operated on blockchain technology. You can register for Novi by downloading the Novi app.

 
It explains.
 
The company has been piloting Novi since October 2021 with the motto “Making money transfers as easy as sending messages”. In addition to the dedicated Novi app, the WhatsApp app under its umbrella also made it possible to transfer digital currencies.

Deposits cannot be made after 7/21, and the service will end on 9/1.

After July 21st, Novi users will no longer be able to deposit to their account. Also, after the service ends on September 1, you will not be able to access the data including usage history as well as withdraw the balance from your account.
 
However, quitting Novi does not mean that Meta has given up on the cryptocurrency business, and in May 2022, it began testing non-fungible tokens (NFTs) on Instagram and some Facebook users in the United States. We have started to support NFT for.

 
 
Source: Bloomberg
(lunatic)

Source: iPhone Mania

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