WhatsApp, the famous fast messaging application for capable phones, announced the launch of the pilot project of payments with cryptocurrencies for American consumers.
Through a tweet published on Wednesday, December 8 by Novi's executive, Stephane Kasriel, it was announced that the pilot program is aimed at a small number of consumers in the USA.
Thus, the Meta wallet, Novi, will allow users to send and receive money through WhatsApp:
"Hay una forma totalmente nueva de probar la @Novi billetera digital. A partir de hoy, un pequeño número de personas en los Estados Unidos podrán enviar y recibir dinero usando Novi en @WhatsApp, lo que hace que enviar dinero a amigos y familiares sea tan simple como enviar un mensaje. "
Cryptocurrency payments via WhatsApp
As indicated on the official Novi website, users will be able to enter the functionality through the paper clip icon on Android or the + icon on iOS and then they have to choose the alternative "Payment", and the money will be transferred instantly.
Novi also points out that there are no fees for sending or receiving money, there are no parameters in the frequency with which they have the ability to send payments. At the same time, it emphasizes that there are no fees to keep a balance in your account or to withdraw it to your bank account.
Source: Novi
It is essential to note that the new functionality does not affect WhatsApp's end-to-end encryption as the pilot project is available in English and Spanish.
The functionality will work USDP (Pax Dollar) the Paxos stablecoin, which is used in the pilot project of the Novi wallet that is carried out in the USA and Guatemala. It also highlights the ability of the convertibility of cryptocurrency:
"Cuando agrega dinero a su cuenta de Novi, lo convertimos a USDP (Pax Dollar), una moneda estable emitida por Paxos Trust Company, una organización financiera regulada. El USDP está diseñado para tener un costo estable en relación con el dólar de los Estados Unidos. Así que en Novi, 1 USDP es igual a 1 dólar estadounidense ".
The director of WhatsApp also confirmed the news and encouraged society to use the service:
“New to the US, use your @Novi digital wallet to send and receive money in a @WhatsApp chat. The population uses WA to coordinate the sending of money to their loved ones, and now Novi will help them to do it safely, quickly and without charges ”.
Not everything is rosy
Last October BeInCrypto reported that David Marcus, executive of Meta (formerly Facebook) and Director of Novi, had announced the launch of the Novi digital wallet pilot project in Guatemala and the USA.
However, not everything was rosy. Regulators of the banking, consumer protection and antitrust sectors in the US remain urging Meta to suspend its Novi plan.
Despite the adverse scenario, the plan continues to be consolidated after the announcement of the integration of the payment capacity in the large messaging services WhatsApp.
Isn't USDP on the eth chain? That would be interesting with costs then...