By Angharad Carrick For This Is Money Published: 12:49 BST, 5 June 2023 | Updated: 17:03 BST, 5 June 2023
Meta is closing down its cryptocurrency digital wallet Novi less than a year after its launch, effectively ending the company’s crypto ambitions.
The Novi pilot allowed users to make fee-free, instant personal payments via the app which Meta claimed would make sending money ‘as easy as sending a message’. The tech behemoth made its first foray into cryptocurrency, the Libra project, three years ago before launching a ‘small pilot’ of Novi last October.
