The wallet was only launched in 2021 but will no longer be available after 1 September 2022, while users will no longer be able to add money to their Novi account as of 21 July 2022. Moreover, all user accounts will be deactivated with the termination of the platform, which means customers must transfer any remaining funds before September 2022.
Novi was part of Meta’s plans to invest in cryptocurrencies and was built as a stand-alone platform that later integrated into WhatsApp although it was never launched in countries like the US and Guatemala. The wallet was based on Diem, a crypto backed by Zuckerberg’s company.
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