Meta is going to change Facebook Wallet into Meta Wallet, and with the name, the company plans on bringing a unified experience.

Meta's wallet, which was designed to support the Diem cryptocurrency, will close in September. It's the latest setback for Meta's goal to build a broader payments system.

Facebook and Instagram users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles minted on Ethereum, Polygon and Flow.

Free Novi digital wallet promises eventually to give Facebook opportunities to build financial services and expand e-commerce offerings. Rivals are free to build their own digital wallets for Libra.