Meta Platforms to End Digital Wallet Novi Pilot on Sept. 1
01 Julho 2022 - 7:11PM
Dow Jones News
By Denny Jacob
Meta Platforms Inc., the parent of Facebook, said that its Novi
pilot will no longer be available for use after Sept. 1.
Novi, the company's digital wallet designed around its Libra
digital currency, will no longer be available on the app or through
WhatsApp starting in September. When the pilot ends, users will not
be able to log in and access their account. Users also can't add
money to their account starting July 21.
Users withdrawing from the digital wallet's account can choose
to transfer their balance to their bank account or withdraw it as
cash where applicable, the social media giant said on its
website.
"We have notified Novi pilot participants that we are ending the
pilot program at this time. We will be taking forward the
technology we developed and what we have learned from the program
into future products across the company as we focus on building for
the metaverse," a Meta spokesperson said Friday in an emailed
statement.
Bloomberg first reported the news.
The Wall Street Journal reported in January that the Diem
Association, the consortium Facebook founded in 2019 to build a
futuristic payments network, is winding down and selling its
technology to a small California bank that serves bitcoin and
blockchain companies for about $200 million.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
July 01, 2022 17:56 ET (21:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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