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Meta to shut down Novi wallet

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Both the Novi app and Novi on WhatsApp will no longer be available, and all accounts will be closed on the 1st of September 2022, with the firm advising all users to withdraw their funds “as soon as possible”.

From the 21st of July 2022, customers will not be able to add money to their accounts.Meta launched the Novi pilot in October of last year, backed by USDP (Pax Dollars) rather than Diem stablecoin, in partnership with Coinbase and Paxos.

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