Cryptocurrency has been in decline in 2022, something that is also noticeable at Meta. When the company launched its own cryptocurrency Libra (later Diem) in 2019, it also took the opportunity to launch a digital wallet for just cryptocurrency, then under the name Calibra but later renamed Novi.
The Diem cryptocurrency was closed down in 2022, and with Novi’s closure, the last remnants of Meta’s cryptocurrency investment will disappear. writes Bloomberg.
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Novi will be shut down on September 1 this year and users are asked to withdraw their assets as soon as possible.
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