Meta to close down Novi crypto payments wallet in September

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Meta urged users to withdraw any remaining balances from their Novi accounts before September 1.

The company formerly known as Facebook urged users to withdraw any remaining balances from their Novi accounts before that date and said they could choose to transfer their funds to bank accounts or withdraw them as cash, where applicable.

After the closure, users will no longer be able to log into the accounts and will lose access to their transactions and activities data, so they may wish to download that information now within the Novi app settings, the company added. Meta released Novi in October in a beta version along with cryptocurrency exchange Coinbase, which provided digital storage and security technologies,While Meta is closing the Novi pilot, the company said it will repurpose the technology for future products, including its metaverse initiative,© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Crossing fingers for epic Meta failure.

Another Facebook fail 👎

I'm accumulating ETH with this bot so I can buy more Floki

I mean they never actually launched right ?

They could so easily have integrated Bitcoin

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Micron, Kohl's, Meta Platforms and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Meta Feels the Downturn Burn, Slashes Hiring by 30%In a leaked employee Q&A, Mark Zuckerberg outlined plans to bring on far fewer engineers and 'turn up the heat' on existing staff.
Source: Gizmodo - 🏆 556. / 51 Read more »

Meta cuts hiring plans as it prepares for 'serious times' | EngadgetThe company has revealed that it's focusing on Reels and select products in the second half of 2022.. Wow sounds like they should fire their awful right wing CEO
Source: engadget - 🏆 276. / 63 Read more »

Facebook's Meta warns of engineer job cuts, sharp downturn ahead: reportFacebook owner Meta is bracing for a sharp downturn, with plans to cut 30% of engineer jobs this year, Chief Executive Officer Mark Zuckerberg told employees...
Source: MarketWatch - 🏆 3. / 97 Read more »

Meta hints at 'self-selection' as layoffs ramp upLeaked audio of a staff meeting yesterday inside Meta reveals the company has cut plans to hire engineers by at least 30% this year, while raising the bar for existing employees, according to Reuters. Work harder suckers is their employment strategy
Source: axios - 🏆 302. / 63 Read more »

Meta warns employees of 'serious times' in internal memo listing key product betsThe memo outlines priorities for 'serious times.' Good. I don't want Facebook to be in charge of the 'Metaverse'. They've done such a good job with Facebook and Instagram. This is what happens when you put all your eggs in one basket, so many companies are doing layoffs simply because they haven’t planned well enough. $VRAR to rocket … $META Meta’s Cox also lays out six areas where he believes Facebook needs to deepen its investments. These include 1) metaverse products;
Source: verge - 🏆 94. / 67 Read more »