This is another victory for cryptocurrencies, which are gradually starting to take hold in the payment landscape with the general public. WhatsApp has thus launched a pilot program to send and receive crypto.
The very popular WhatsApp messaging unveiled a pilot program in the United States that will allow a ” limited number »Users to send and receive cryptocurrency payments. As you might expect, the app uses Novi, the digital wallet from Meta (formerly Facebook) which also launched as a pilot a month and a half ago.
A free transfer
Payments, which can be made directly in a conversation, will be made in Pax Dollars (USDP), a stablecoin backed by the US dollar. According to Meta, transferring money in USDP will be as easy as sending an attachment: just tap the + button (iOS) or the paperclip icon (Android), then select the “payment” option. “.
WhatsApp does not take any fees on sending or receiving money, nor does it take any fees for account management or for transferring USDP to a traditional bank account. there is no cap on the amount transferred. The operation is performed instantly. The service is available in English and Spanish, and it’s just as end-to-end encrypted as regular conversations. Users will still need to create a Novi account to be able to trade cryptos, of course.
After a lot of procrastination, Meta ended up getting into the cryptocurrency sector, but the ambition was greatly reduced. Originally, there was the creation of a wallet (which was then called Calibra) and a crypto, Libra, which then became Diem … And which points to subscribers absent since the launch of Novi . The group is therefore moving slowly now.
