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META-0.23 (-0.14%)
The logo for Diem, formerly known as Libra, is seen is displayed on a smartphone screen with a Facebook logo in the background.
Pavlo Gonchar | SOPA Images | LightRocket via Getty Images
Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted it.
The company announced the upcoming closure on Novi’s website, informing customers that “The Novi pilot is ending soon” and will no longer be available for use after that date.
Meta said Novi users should withdraw their remaining balance on their Novi accounts before the closure date. People can either transfer their remaining balance to their bank account or withdraw the digital funds as cash where applicable, the company said.
Novi users will be unable to access their accounts after Sept. 1, which means they won’t be able to retrieve account information like their transaction history.
The company released Novi last October in a...
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