WhatsApp Launches Instant Cryptocurrency Payments in the US – MacRumors

Thursday December 9, 2021 4:02 am PST by Tim HardwickWhatsApp has launched a cryptocurrency payment feature for a small number of users in the United States, thanks to Novi integration, a digital wallet owned by Facebook (now Meta). The pilot program lets users of the encrypted messaging app send and receive money “instantly, securely, and with no fees” using the Paxos Dollar (USPD) stablecoin, whose value is linked to the US dollar. The way the payments work in WhatsApp is similar to sending regular attachments in a conversation. Users tap the plus (+) icon and then select Payment from the menu that appears. Users who are paid this way receive USDP, which can be withdrawn to a bank account in its equivalent value in US dollars. There’s no cap on the number of times the Novi system can be used to send and receive money through WhatsApp. Regardless of frequency of use, there are no fees associated with keeping a balance in a Novi account or withdrawing it to a bank account. In addition, the inclusion of Novi in the chat platform has no effect on the end-to-end encryption of personal messages. There’s a new way to try the @Novi…
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