Facebook, a company that was formerly called Facebook, urged users to withdraw all balances from their Novi account.
Meta stated that users had the option to withdraw their funds as cash or transfer them to bank accounts.
Meta will close its Novi digital wallet. It announced this on Novi’s site, informing customers that it is closing down.
Facebook, a company that was formerly called Facebook, urged users to withdraw all remaining balances from Novi accounts prior to the date. They also suggested they could transfer their funds to bank accounts and withdraw cash if necessary.
Users will not be able log in to the accounts after the closure and will also lose access to their activities and transactions data.
CNBC reported Friday that Meta released Novi in October as a beta version, along with Coinbase, a cryptocurrency exchange. This provided digital storage technologies.
Meta closed the Novi pilot but the company stated that it would repurpose the technology to create new products. According to CoinDesk ,
