WhatsApp enables crypto payments in US

WhatsApp enables crypto payments in US
фото показано с : invezz.com

2021-12-10 17:15

WhatsApp has launched a pilot project enabling some users in the US to send and receive money using crypto. The feature is powered by Meta (formerly Facebook) digital wallet Novi, which launched as a pilot one month and a half ago. Payments were made using the stablecoin Pax Dollars (USDP). Novi head Stephane Kasriel tweeted:

There’s a new way to try the @Novi digital wallet. Starting today, a limited number of people in the US will be able to send and receive money using Novi on @WhatsApp, making sending money to family and friends as easy as sending a message.

No fees for sending or receiving money

Sending a payment is not unlike sending any other attachment in WhatsApp. There is no limit on how often you can send payments, no fees for sending or receiving money, and no fees to withdraw a balance or keep a balance in your Novi account. Payment transfers are instant. They don’t affect the platform’s end-to-end encryption, which is there for all personal conversations by default.

Pilot has roots in Meta crypto plans

In 2019, Facebook announced plans to launch a cryptocurrency called Libra, which would be pegged to a variety of stable assets and integrate with Calibra, a Facebook-developed digital wallet. The idea was to be able to make international transfers with lower fees than traditional methods.

Plans underwent major changes

In just two years, Facebook has become Meta, Libra has become Diem, and Calibra has become Novi. Ultimately, Novi launched without the Diem cryptocurrency. It uses Pax dollars, created by the company Paxos. On its part, Meta is relying on Coinbase for custody services.

David Marcus, the previous head of Novi, announced the company was still committed to Diem when discussing the launch of the Novi pilot in October. After that, he said he was leaving Novi. He was replaced by Stephane Kasriel.

WhatsApp offers fiat payments in India and Brazil

WhatsApp’s initiatives in the US may revolve around Novi and cryptocurrency, but they offer payments using traditional fiat currencies elsewhere in the world. Last year, they rolled such out throughout India. They are also possible in Brazil.

The post WhatsApp enables crypto payments in US appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

launched pilot crypto whatsapp digital formerly meta

launched pilot → Результатов: 63


48,000 Users to Test New Ethereum Express Pilot Projects

Two new pilot projects are set to be launched by the Ethereum Express (EEX) project operating on the Proof-of-Authority algorithm. Over 48,000 users from US, Japan, Ukraine, Brazil, and other countries are set to be encompassed by the undertaking of community-operated EEX that seeks to introduce drastic efficiency changes in the internal processes of both […] The post 48,000 Users to Test New Ethereum Express Pilot Projects appeared first on NullTX.

2019-12-3 21:46


Bitcoin Payments Being Accepted Through Trial at Casual Hoteles in Spain Along with Amazon Pay

Casual Hoteles, a hotel chain with multiple locations in Spain, has seen what blockchain technology can do around the world, and how cryptocurrency has connected multiple industries and countries. In order to see how well Bitcoin works for their own needs, the hotel chain has launched a pilot that will be testing out payments from […]

2019-3-3 19:01


Vermont Government Launches a Blockchain Insurance Pilot Program

Vermont has recently launched a blockchain pilot project for captive insurance. The information was released in an official announcement on January 11. The Office of the Vermont Secretary of State and the Vermont Department of Financial Regulation signed an agreement to explore blockchain technology and the benefits related to it to maintain records in the […]

2019-1-14 22:01