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Tuesday, March 11, 2025

WhatsApp Will Add The Function Of Instant Transfers In Cryptocurrency

Messenger launched a pilot project that enables a limited number of people in the United States to send and receive funds via cryptocurrency right inside the application

A limited number of users of the WhatsApp messenger in the United States were able to make instant transfers in cryptocurrency right inside the application.

For this, the messenger entered into a partnership with the Novi payment service, said the head of Novi, Stefan Kasriel, on his Twitter account.

Novi is a digital wallet from Meta Corporation (formerly Facebook) that was pilot launched six months ago. It supports the US dollar-backed stablecoin Pax Dollar (USDP) issued by Paxos.

The wallet website says that payments work the same way as sending any other attachment on WhatsApp. To access this feature, you must click the paperclip icon on Android or the plus icon on iOS, then select Pay.

There are no fees for sending or receiving cryptocurrency, and there are no restrictions on the frequency of sending payments or fees for withdrawing a stablecoin from a wallet or transferring to local currency.

It is assumed that in the future the option will become available to users from other countries.

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