Many tech giants are seen as the currency of the future. to cryptocurrencies He had been working on it for a while. One of these was Meta (formerly Facebook), which has recently come to the fore with its metaverse investments. The giant company has made many strides in recent years, such as its own cryptocurrency and wallet.

However, Meta’s crypto moves didn’t 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 revealed that the company would be terminating this project. In addition, the company had prepared a wallet called Novi for this cryptocurrency. It has now been revealed that this wallet is nearing the end of its useful life.

Meta’s digital wallet Novi is closed

According to Bloomberg’s report, Meta has decided to discontinue its Novi digital wallet. In the statements made, the wallet, which is not found in our country, is on September 1 will be closed, July 20 It was stated that the date will be the last date to add funds. The company stated that users should withdraw their funds “as soon as possible” and that the funds will be transferred to customers’ bank accounts.

Of course, the end of Diem and Novi does not mean that Meta’s crypto moves are over. A company spokesperson told Bloomberg, noting that Meta makes products for blockchain and digital assets, and that the company is optimistic about these technologies, so New moves on Web3 He said we can see.

As we shared with you, the US-based company has announced Meta Pay in recent weeks. This wallet, which will support Metaverse technologies, also revealed that the company’s actions on these issues will continue.