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WhatsApp Adds Crypto As Payment Method For United States Users

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In an unexpected turn of events, WhatsApp decided to launch a cryptocurrency payment feature for limited users.



 

Stephane Kasriel leading Novi Digital wallet said:

 

This feature is currently only available in the United States and is made possible by the integration of Novi, which is a digital wallet service owned by Meta (Facebook).

How It Works:

When you add money to your Novi account, it will be converted to USDP (Pax Dollar), a stable digital currency issued by Paxos Trust Company, a regulated financial institution. USDP is designed to have a stable value relative to the US dollar. So on Novi, 1 USDP is equal to 1 US dollar. The pilot program will allow WhatsApp users to send and receive money instantly, securely, and without fees.

You can securely keep a balance in your Novi account or transfer it to a bank account.

  • Start using Novi on WhatsApp.
  • In WhatsApp, find the contact you’d like to send money to and open your chat.
  • Tap the paper clip icon on Android or the + icon on iOS.
  • Select “Payment” in the menu.
  • Follow on-screen instructions to log into your Novi account or create a new one.
  • Start sending and receiving money!

 

For More Details Visit: https://www.novi.com/WhatsApp

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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