Conversely, people expressed how they want “real” cryptocurrency like Bitcoin added to the feature. And one USD equals one Paxos.Īdditionally, blockchain company – Paxos Trust of New York issues the U.S Pax Dollar.Īccording to the company they chose USDP because it’s operating successfully for three years and comes with important regulatory and consumer protection attributes. It only works with Paxos’ stablecoins, which value is linked with the US dollar. However, till now Novi does not use cryptocurrencies like Bitcoin or Ethereum. While the feature is on a trial period, if the WhatsApp crypto payments stick for the long term the then it’ll be competing among other money transfer apps such as Zelle, Venmo and Cash app. Furthermore, there’s no limit on the number of transactions.Īlready, WhatsApp is offering payments in traditional currencies in other parts of the world. This is to note that Novi won’t charge any fees if one receives, sends or hold crypto in their wallet. In fact, the first one to make the announcement was Novi’s incoming head Stephane Kasrie followed by WhatsApp’s head – Will Cathcart. Basically, WhatsApp Crypto payments are supported by Novi Meta’s digital wallet which was released just a month ago. Now, the new pilot allows the users to send and receive the money within chats in form of cryptocurrency. Image Credit: Novi Wallet/Twitter What is the WhatsApp Crypto Payment feature WhatsApp Crypto Payment is available to some WhatsApp users in the U.S. However, the pilot is restricted to a small number of people in the US. The Meta’s company is taking a step towards Crypto via the WhatsApp Crypto Payment test feature.
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