Meta’s shutting down its digital wallet, Novi

Image: Facebook

Meta’s ending the pilot for Novi, the company’s digital wallet and the last remaining piece of its troubled cryptocurrency project, as first reported by Bloomberg. On Novi’s website, Meta says the wallet is shutting down on September 1st, 2022, and asks users to withdraw their funds “as soon as possible.”

Users will lose access to their accounts come September, and will no longer be able to add money to Novi starting July 21st. If someone forgets to withdraw their remaining balance, Meta says it will “attempt to transfer” their funds to the bank account or debit card added to the service.

Meta rolled out the “small pilot” of Novi to users in the US and Guatemala last October. Novi was originally built to support fast and free…

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Author: Emma Roth