Meta signals closure of Novi wallet after a 10-month pilot

Coin Telegraph LogoCoin Telegraph1 mo ago

Meta signals closure of Novi wallet after a 10-month pilot

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Meta’s wallet pilot Novi is set to end in September, with the announcement coming days after Mark Zuckerberg touts Meta Pay on Facebook.

This ends an eight-month-long pilot project that saw users based in the United States and Guatemala trial the cryptocurrency-powered payment platform.

The failure to launch of Diem saw Novi make use of the Paxos-powered stablecoin Pax Dollar (USDP) as its native dollar-backed token for payments.

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Article Details

Author / Journalist: Cointelegraph By Gareth Jenkinson

Category: Crypto

Topics: Meta Facebook Wallet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 12:08:06

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 435 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 28730

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About Coin Telegraph

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Main Topics: Crypto

Official Website:

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #11

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