Meta is shutting down this service: All you need to know

Meta is shutting down its cryptocurrency digital wallet — Novi. According to an online report, the company will put an end to the service this year. Users will soon lose access to their accounts and will also not be able to add any money in the wallet.
Novi shutting down in September 2022
According to a report by Bloomberg, Meta will put an end to its digital wallet Novi on September 1, 2022. After July 20, customers will not be able to add any funds to the wallet. The report further adds that the company is advising users to withdraw their balance as soon as possible.
The company has also warned users that after the final operation day of Novi, the users will not be able to transfer any remaining amount in the wallet to the bank accounts.