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Meta's Facebook has discontinued a digital wallet that was originally meant to help people use the Diem stablecoin. But its Meta Pay platform is more conventional — and thus more likely to succeed where Novi failed.
Meta's wallet, which was designed to support the Diem cryptocurrency, will close in September. It's the latest setback for Meta's goal to build a broader payments system.
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Meta will be shutting down its Novi crypto wallet very soon. Users have till July 20th to add funds if they want to.
Meta is shutting down Novi, its short-lived cryptocurrency digital wallet..