Last year, he took his name from Facebook. To Meta Platforms The social media giant has taken a surprising decision. Cryptocurrency wallet service novi It announced that it will close in September. Meta, which has been conducting tests on crypto money and digital assets for a while, has completely withdrawn from cryptocurrencies with its latest move.
Meta pulls the plug on cryptocurrency wallet Novi
Novi’s goal was to enable fast cryptocurrency transfers via Facebook or WhatsApp. Payments in Novi wallet are equivalent to US dollars in the first stage Pax Dollar (USDP) Made with stablecoin. In addition to the Novi application, the wallet could be used via WhatsApp.
According to Meta’s latest announcement, Novi app and is part of WhatsApp Novi feature from September 1 unusable from now on. After July 21, it will not be possible to add money to wallets and users are asked to withdraw their crypto money completely.
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Although Meta is shutting down the Novi service, it’s not canceling the project outright. Cryptocurrency wallet technology He said he plans to use it in other future products, such as metaverse development. A spokesperson for the company told Bloomberg:
We are already leveraging this space to build Meta on the blockchain and deliver new products like digital collections. As we are very optimistic about the value these technologies can bring to the metaverse, you will see more of us on web3.
Meta’s crypto money and wallet projects have actually made their mark in recent years. Earlier diem Meta, which presented its digital asset named (its first name was Libra) and soon accepted its failure, Diem Association He sold it and disbanded his team.
Meta from blockchain products not completely gone. In the future, the company is expected to publish NFT on Facebook. According to the studies started in May, it is among the possible expectations that NFT will be allowed to be produced.
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