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WhatsApp Starts Cryptocurrency Payments Pilot via Novi in the US

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Novi, which is owned by Meta, has announced that a limited number of users in the United States will be able to send and receive money using Novi on WhatsApp.

Novi is a digital wallet that enables people to send and receive money internationally in real time and without incurring any fees.

“There is a new way to try the Novi digital wallet. Starting today, a limited number of people in the US will be able to send and receive money using Novi on WhatsApp, making sending money to family and friends as easy as sending a message,” Stephane Kasriel, Head of Novi, Meta wrote on Twitter.

“We are still very early in the Novi pilot journey, so we made the decision to test this new entry point in one country to start and will look to extend it once we have heard from people what they think of this new experience,” Kasriel added.

WhatsApp CEO Will Cathcart also announced on Twitter that users can send and receive money directly from their Novi digital wallet within a WhatsApp conversation.

“New in the US: use your Novi digital wallet to send and receive money right within a WhatsApp chat. People use WhatsApp to coordinate sending money to loved ones, and now Novi will help them do that securely, instantly and with no fees,” Cathcart wrote.

Meanwhile, Kasriel stressed that using Novi has no effect on the privacy of WhatsApp personal messages and calls, which are always end-to-end encrypted.

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Jike Eric

Jike Eric has completed his degree program in Chemical Engineering. Jike covers Business and Tech news on Insider Paper.




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