Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

WhatsApp Crypto payments are introduced just in the USA for now


The Meta’s company has taken a step towards Crypto through the WhatsApp Crypto Payment test feature. Moreover, piloting is limited to a few people in the United States.

Presently, the new test allows the users to send and get money within chats in Cryptocurrency form. WhatsApp Crypto payments are basically backed by Novi Meta’s Digital Wallet that was announced last month. Actually, the initial one to announce the news was Novi’s incoming head Stephane Kasrie, and then WhatsApp’s head- Will Cathcart.

It should be noted that Novi does not charge a fee if someone receives, sends or stores crypto in their wallet. In addition, there is no limit to the number of transactions.

WhatsApp is currently offering payments in traditional currencies in other countries.

While this feature is on a trial time, if the WhatsApp crypto payments remains for a long time, it will compete with other money transfer programs like Zelle, Venmo and Cash app.

Anyway, so far, Novi has not used cryptocurrencies such as Bitcoin or ETH. This only works with Paxos’ Stable Coins, that are valued in US Dollars. And one dollar is the equivalent of a Paxos.
In addition, New York-based Paxos Trust exports US Pax dollars.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *