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WhatsApp Adds Crypto As Payment Method For United States Users - The Crypto Basic

source-logo  thecryptobasic.com 09 December 2021 10:06, UTC

In an unexpected turn of events, WhatsApp decided to launch a cryptocurrency payment feature for limited users.


This feature is currently only available in the United States and is made possible by the integration of Novi, which is a digital wallet service owned by Meta (Facebook).

How It Works:

When you add money to your Novi account, it will be converted to USDP (Pax Dollar), a stable digital currency issued by Paxos Trust Company, a regulated financial institution. USDP is designed to have a stable value relative to the US dollar. So on Novi, 1 USDP is equal to 1 US dollar. The pilot program will allow WhatsApp users to send and receive money instantly, securely, and without fees.

You can securely keep a balance in your Novi account or transfer it to a bank account.

  • Start using Novi on WhatsApp.
  • In WhatsApp, find the contact you’d like to send money to and open your chat.
  • Tap the paper clip icon on Android or the + icon on iOS.
  • Select “Payment” in the menu.
  • Follow on-screen instructions to log into your Novi account or create a new one.
  • Start sending and receiving money!

For More Details Visit: https://www.novi.com/WhatsApp

thecryptobasic.com