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Tuesday
Jul052022

Meta shutters Novi cryptocurrency digital wallet

Source: Meta

Meta is abandoning Novi, its digital wallet that supports cryptocurrencies. The wallet will no longer be available starting September 1, 2022, with all user accounts being deactivated then. After July 21, 2022, you won't be able to add money to your account. This announcement is also your signal to take out any money there. 

But that might not be an issue with you. Novi was never launched beyond the US and Guatemala, even if it was part of Meta's ambitious plans to invest in cryptocurrencies. Novi hasn't been around for long. It was launched in October 2021 as a standalone app, and then it was integrated into WhatsApp a few months later. So, if you've used Novi to transfer money on the app, you won't have a substitute for now.

Source

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