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Meta Allows WhatsApp Users To Transact With Novi Crypto Wallet, Rolls Out Pilot In US

A couple of WhatsApp users in the United States are being permitted to use the Novi cryptocurrency wallet to send and receive money. The move expands a pilot program of Novi, which lets users send money internationally without fees.

A “limited number” of individuals on WhatsApp have admittance to moving money digitally with Novi, mentioned Stephane Kasriel, Novi’s CEO, in a recent posting on Twitter. Kasriel advertised sending money to family and friends with Novi “as easy as sending a message.” A notice about the expanded testing was also put on the wallet’s website.

A standalone application like WhatsApp, Novi is designed to transfer money around the world and immediately with no fees to send or receive money. It is to be noted that the payments are made through Pax Dollars (USDP), a stablecoin designed in the year 2018 whose value is pegged to the United States dollar and whose reserves are wholly backed by cash and cash equivalents.

Notably, a group of Democratic senators in the month of October called on Facebook’s founder and Chief Executive Officer Mark Zuckerberg to conclude the launch of Novi, mentioning the organisation could not be believed to manage a payment system or virtual currency.

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