Meta Announces to Shut down its Crypto Wallet ‘Novi’
For now, the shutdown means that Meta’s plans regarding cryptocurrency wallets are being halted. In October, the company started a “small pilot” of Novi. When the wallet came out, it didn’t work with Diem, Meta’s own cryptocurrency, which used to be called Libra. After a month, David Marcus, who was in charge of the company’s crypto side, left Meta. At the beginning of 2022, the Diem Association said it would sell its assets and stop doing business. However, on the contrary, sources entail that Meta won’t stop making digital wallets just because Novi and Diem failed. In this regard, company’s representative said, In fact, the company said last month that Facebook Pay would now be called Meta Pay. Mark Zuckerberg said at the time that this change was the “first step” toward making a digital wallet for the metaverse. Furthermore, he added that he could see a time when Meta Pay would be a place to keep all the digital things you buy or make in virtual worlds. Check out? Facebook plans to revamp the design in a bid to compete with TikTok
