Facebook (Meta) Shutting Down Its Crypto Currency

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Meta is shutting down Novi, its short-lived cryptocurrency digital wallet. In a notice spotted by Bloomberg, the company announced it would sunset the platform on September 1st, with July 20th being the final day to add funds.

Meta advised users to withdraw their balance “as soon as possible,” noting it would “attempt to transfer” any remaining money to customer bank accounts and debit cards after Novi’s final day of operation.