WhatsApp introduces cryptocurrency payment options using Meta’s new digital wallet Novi. It allows users to send or receive digital money as they talk in WhatsApp

  • WhatsApp US users have the ability to send and get cryptocurrency through the app
  • The pilot program is limited and only open to certain users.
  • This works well with Novi’s digital wallet, which was launched in October 
  • You can send payments as attachments to a chat, and they will be sent instantly.










WhatsApp is allowing a ‘limited number’ of users in the US to send and receive cryptocurrency within a chat using Meta’s Novi digital wallet.

Novi (launched as pilot service in October) allows users to send and get money via USDP (Pax dollar). This partnership was made possible by Paxos/Coinbase.

You can transfer payments instantly by sending an attachment to your chat. 

No fees are charged to send or receive money. You can also keep your Novi balance or withdraw your Novi funds to your bank account.

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WhatsApp is allowing a ‘limited number’ of users in the US to send and receive cryptocurrency within a chat using Meta’s Novi digital wallet. Novi, which launched as a pilot in October, enables people to send and receive money using USDP (Pax Dollar) through a partnership with Paxos and Coinbase

WhatsApp is allowing a ‘limited number’ of users in the US to send and receive cryptocurrency within a chat using Meta’s Novi digital wallet. Novi was launched in October as a pilot. It allows people to send money and receive it using USDP (Pax dollar) via a partnership between Paxos, Coinbase, and Paxos.

Novi head Stephane Kasriel announced the WhatsApp pilot on Thursday in a tweet: ‘We often hear that people use WhatsApp to coordinate sending money to loved ones, and Novi enables people to do that securely, instantly and with no fees. Payments will appear directly in people’s chat.’

Novi is only available in Guatemala, and in the US. However, it can only be used for sending and receiving cryptocurrency in the US.

According to the company’s website, their goal is to assist the approximately 1.7 billion people who don’t have access to bank accounts.

‘Being shut out of the global financial system has real consequences for people’s lives, and it’s often the most underserved people who pay the highest price,’ Novi shared in a press release.

‘Costs are high and waits are long when people want to send money to their families internationally.

‘The current system is failing them, and there is no digital financial architecture to support the innovation we need.’

Meta’s Novi move is a huge one, since the company has worked for many years to incorporate cryptocurrency into its platforms.

In June 2019, Meta, which was still Facebook at the time, unveiled its plans for Libra, its own Bitcoin-style digital currency, which would be integrated with the firm’s own digital wallet called Calibra.

There are no fees for sending or receiving money, no limits on how often payments can be sent and no fees to keep a balance in your Novi account or to withdraw it to your bank account

No fees are charged to send or receive money. There is no limit on the number of payments that can be made and there are no restrictions as to how frequently they can be sent. You also don’t have to pay any fees to maintain a Novi balance or withdraw funds to your bank account.

Experts slammed the idea, arguing that it could spy on your purchases.

According to them, the social media giant could make use of information on what site users are purchasing to create more targeted ads to increase investment.

Josh Constine (tech expert, boss at TechCrunch) stated that Facebook could gain a better understanding of which people buy what, or which brands, to help with ad measurement and ranking.

The plans to launch Libra were changed as Calibra was now Calibra and Diem became Calibra. Calibra launched with Pax Dollars, but it has since been rebranded as Novi.

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