Libra-now-Diem ground to a halt after concerns from regulatory bodies and the general public, with Facebook-now-Meta abandoning the project in January 2022. Now they've announced they'll be shutting down Calibra-now-Novi, too, and have advised users to withdraw their balance "as soon as possible". Users won't be able to add money to their accounts beginning on July 21.
Meta hammers another nail into the coffin of Libra, announcing the shutdown of their Novi project
Diem, formerly known as Libra, was a stablecoin-based payments system proposed by Meta, formerly known as Facebook. Novi, formerly Calibra (are you keeping up?), was a crypto wallet and crypto-based money transfer pilot project run by the company. The app was advertised as a solution for sending remittances, and claimed it would help provide "equal access to financial services".
- "Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga", CoinDesk
- "Welcome to Novi", Meta Newsroom