ANI
03 Jul 2022, 17:25 GMT+10
New Delhi [India], July 3 (ANI): Meta's money-transfer service that uses the company's own cryptocurrency digital wallet 'Novi pilot' is shutting down on September 1. Well, now it certainly looks like one of the biggest tech companies in the world is apparently feeling the effects of the crypto crash too!Meta launched Novi in 2021. Users have been given time until September 1 to get their information and their remaining crypto balance off the site. According to The Verge, 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.
The company took to their website to announce that both the Novi app and Novi on WhatsApp will no longer be available.
Novi was supposed to be a safe way for people to send and receive crypto, and at one point it was supposed to work with Diem. However, the collaboration couldn't happen because Diem collapsed in February this year.
According to The Verge, last month, Meta CEO Mark Zuckerberg also hinted at creating a digital wallet that could help you manage and store "digital clothing, art, videos, music, experiences, virtual events, and more." The wallet would be interoperable across different Metaverse experiences, reflecting the goals of the Metaverse Standards Forum that Meta and a group of other companies helped form, which calls for industry-wide standards across virtual reality and augmented reality experiences. (ANI)Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationSAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
New Delhi [India], July 2 (ANI): A seminar on the prospects and possibilities of artificial intelligence in Northeast India was organised...
Hyderabad (Telangana) [India], July 1 (ANI): NMDC, India's largest iron ore producer, marked a significant milestone with the inauguration...
YINCHUAN, July 1 (Xinhua) -- China on Monday reached a major milestone in desertification control by completing a barrier belt along...
Hyderabad (Telangana) [India], June 29 (ANI): Olympic Games Tokyo 2020 medalist Lovlina Borgohain eased past Punjab's Krisha Verma...
Hyderabad (Telangana) [India], June 29 (ANI): Former youth world champion Ankushita Boro showcased her class on Day 2 of the Elite...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Ukrainian officials claimed at least 13 impacts, with blurred-out footage showing large fires lighting up the skyline Ukrainian officials...
Ukrainian officials claimed at least 13 impacts, with blurred-out footage showing large fires lighting up the skyline Ukrainian officials...
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching...
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers...