WhatsApp, money transfers with Novi are underway: the test begins in the United States

WhatsAppstarted testing transactions through the digital walletNewOf Half (formerly Facebook). Just to point it out Stephane KasrielNovi’s Vice President of Products, who said on Twitter: “There’s a new way to experience Novi, the digital wallet. Starting today, a limited number of people in the United States 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.”


Meta, formerly of Facebook, has been working on the wallet app for several months while scaling back its global plans to roll out a digital currency called diem for regulatory matters. Second The edgepayments will take place inPax DollarsA stablecoinspegged to the US dollar issued by Paxos – all backed by Coinbase. Note that payments do not affect WhatsApp’s end-to-end encryption, which is enabled by default for all personal conversations.

Payments on WhatsApp: how does it work?

In some parts of the world, like India and BrazilWhatsApp is already allowed to make payments in traditional currencies, while when it comes to the United States, the messaging giant seems to want to focus more on cryptocurrencies.

Once the deployment is complete, thanks to the functionality, it will be possible to send money to contacts with one click, just like sending a message. When money is added to the Novi Wallet, it is converted to USDP (Pax Dollar). “People are using WA to coordinate money transfers to loved ones, and now Novi will help them do it securely, instantly, and at no cost,” he said. declared Will Cathcart, CEO of WhatsApp.


Currently NoThere are no transaction limitspossible with Novi and not there no commission to send and receive money. As noted, the feature is currently available to a limited number of people in the United States.

Gift ideas, why waste time and risk making mistakes?