WhatsApp Will Enable Crypto Payments via Novi Wallet

by in Cryptocurrency News

Meta WhatsApp Paxos

Meta's Novi wallet will allow transferring money via the popular communication app WhatsApp.

Related: Crypto Execs and Congress Discussed the Future of Finance

As VP of product at Novi, Stephane Kasriel revealed, the feature becomes available today (Dec. 9) for a certain number of users in the USA. The executive said, sending money will be as simple as a message.

The team presented the Novi pilot 6 weeks ago and continued to test its features. In a tweet, Kasriel said that the pilot is in the early stage and the team decided to test the entry point in the USA. Next, he mentioned that Novi keeps WhatsApp's privacy and data is encrypted.

The platform says that money transfers in the app’s chat will be instant, secure and will not require fees.

Users will just need to log into their Novi accounts, or open new ones. Both, iOs and Android support the feature.

Trending: BNB Chain Gets Back to Normal After a Hack Estimated $100 M

When users add money to their wallet, the app converts it to a stablecoin Pax Dollar (USDP).