Many technology giants have been making moves towards cryptocurrencies, which are seen as the currencies of the future for a while. One of them was Meta (formerly Facebook), which has recently come to the fore with its metaverse investments. The giant company has taken many steps in recent years, such as its own cryptocurrency and wallet.
However, Meta’s crypto moves did not last long. The company, which developed its own stablecoin, initially determined the name of this cryptocurrency as ‘Libra’ and later changed it to ‘Diem’. The news that followed showed that the company would terminate this project. In addition, the company had a wallet called Novi prepared for this crypto money. Now, it has been seen that this wallet is close to the end of its life.
Meta’s digital wallet Novi is shutting down
According to Bloomberg’s report, Meta has decided to discontinue its digital wallet Novi. In the statements made, it was stated that the wallet, which is not found in our country, will be closed on September 1, and July 20 will be the last date to add funds. The company stated that users should withdraw their balances ‘as soon as possible’ and that the money will be transferred to customers’ bank accounts.
Of course, the end of Diem and Novi doesn’t mean that Meta’s crypto moves are over. A company spokesperson told Bloomberg, noting that Meta creates products for blockchain and digital assets, and that the company is optimistic about these technologies, so we may see new moves in Web3.
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