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.

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Instagram tests turning all video posts into Reels

Meta really wants you to use Reels. Social media consultant Matt Navarra shared a screenshot on Twitter that shows Instagram experimenting with turning all video posts into Reels. So, if your account is public, any user can discover your video and use your original audio to create their Reel. Only your friends will see your video if your profile is private. If you have a public account and don't want your Reel to be remixed, you will need to turn the option off in the Settings or disable it for specific videos.

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Facebook locks out users who didn't activate Facebook Protect before deadline

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If you don't know what Facebook Protect is, the product might not be geared towards you. But then, it might have been built for you, but you missed the email announcing what it was. Early this month, some Facebook users received a mysterious spam-like email with the header: "Your account requires advanced security from Facebook Protect." The said email was sent from the email address security@facebookmail.com, which kind of looks like a common form of spam. 

That email said these users needed to turn on the Facebook Protect feature (which they could do by clicking on the link in the suspicious-looking email) by a specific date, or they'll be locked out. This feature was launched by Facebook as a "security program for groups of people that are more likely to be targeted by malicious hackers, such as human rights defenders, journalists, and government officials."

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Meta plans to offer more monetization options for Facebook Reels creators

Source: Meta

Meta has rolled out Facebook Reels globally. And if you're a creator in Canada, the US, and Mexico that's part of Meta's in-stream ads program, you're eligible to monetize your publicly-shared Reels with ads. By mid-March, the company plans to expand these tests to creators in nearly all countries where in-stream ads are available.

The company promises to build direct monetization options in Facebook Reels to help creators earn more. One way is through its Facebook Reels Overlay Ads, which all creators in Canada, the US, and Mexico are getting access to (other countries to follow in the coming weeks). 

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