By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
    3 weeks ago
    Collaboration across Bybit, DigiFT and UBS uMINT expands Collateral Solution for Institutions
    2 weeks ago
    Digital Data Privacy on P2PS Read Press Release
    Digital Data Privacy on P2PS Read Press Release
    2 years ago
    Latest News
    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
    42 minutes ago
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    1 day ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    1 day ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Performing Crypto last 6 Months
    10 Best Performing Crypto last 6 Months
    13 hours ago
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    22 hours ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    2 days ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    2 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    4 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Exit within a year of being online! Meta announces shutdown of Novi digital wallet in September
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Exit within a year of being online! Meta announces shutdown of Novi digital wallet in September
Blockchain News / Crypto News

Exit within a year of being online! Meta announces shutdown of Novi digital wallet in September

News Expert
Last updated: 04/07/2022 2:50 PM
News Expert
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Exit within a year of being online! Meta announces shutdown of Novi digital wallet in September
SHARE

With the collapse of Facebook’s parent company Meta’s digital currency project “Diem” (formerly known as Libra) under regulatory pressure and the liquidation of the Diem Association , its digital wallet “Novi” (formerly known as Calibra) is also coming to an end, less than a year after its launch. , which was declared to be closed.

According to the official announcement , Novi will shut down on September 1, and users will no longer be able to top up their Novi accounts from July 21.

The company also reminds users to withdraw funds as soon as possible. After September 1, Novi App and Novi on WhatsApp will stop serving. If there is still a balance in the user’s account, Meta will try to transfer the remaining funds to the user’s registration on the Novi platform. in your bank account or debit card.

According to a Meta representative, the company still intends to use Novi’s technology in future products, such as its Metaverse.

- Advertisement -

Facebook began to develop the cryptocurrency wallet Calibra as early as 2019, initially hoping to cooperate with the issuance plan of the stable currency Libra. However , as soon as the Libra issuance plan was announced, it suffered from endless regulatory resistance. Even after the Libra project was revised several times and renamed Diem, and Calibra was renamed Novi, it still could not escape the strict scrutiny of regulatory agencies in various countries.

The beta version of Novi was launched in October 2021, with only small-scale trial operations in the United States and Guatemala, allowing users to make instant, secure and fee-free transfers through stablecoins to and from home and abroad, but because Diem has not yet obtained regulatory licenses , forcing Meta to partner with stablecoin issuer Paxos and cryptocurrency exchange Coinbase to switch to another stablecoin, Paxos (USDP).

10 Best Performing Crypto last 6 Months
10 Cryptos Listed as Securities: Top Tokens Under Regulation
10 Best Crypto Volume Trackers for Accurate Market Insights
10 Best Crypto Trading Courses on YouTube
9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
Share This Article
Facebook Email Print
Previous Article When will Bitcoin bottom? This indicator shows a drop to $15,600 When will Bitcoin bottom? This indicator shows a drop to $15,600
Next Article Three Arrows Capital files for "Bankruptcy Protection"! Market worries about "ripple effect" Three Arrows Capital files for “Bankruptcy Protection”! Market worries about “ripple effect”
RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
Press Releases
10 Best Lenders for Real Estate Investors: Top Financing Options
10 Best Lenders for Real Estate Investors: Top Financing Options
Guide & Crypto Education
10 Best Crypto Wallets In Zambia for Safe Trading
10 Best Crypto Wallets In Zambia for Safe Trading
Wallets
Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
Press Releases

Latest Published

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins

6 days ago
10 Crypto APIs for Developers In 2025

10 Crypto APIs for Developers In 2025

2 weeks ago
Why SimpleFX Is Not a Safe or Reliable Trading Exchange

Why SimpleFX Is Not a Safe or Reliable Trading Exchange

2 weeks ago
Ten Largest Property Firms by Market Cap In 2025

Ten Largest Property Firms by Market Cap In 2025

3 weeks ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?