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Meta to Shut Down Novi Service in September in Crypto Winter

  • Users received a message today advising them to withdraw funds
  • Novi was part of Meta’s ambitious plan to change payments

The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.

Meta’s Novi pilot -- a money-transfer service using the company’s own cryptocurrency digital wallet -- will end on Sept. 1, the service said on its website, a link to which it texted to its users.