Home Tech WhatsApp is testing cryptocurrency transfers – no limits or fees

WhatsApp is testing cryptocurrency transfers – no limits or fees

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WhatsApp is testing cryptocurrency transfers – no limits or fees

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WhatsApp is testing cryptocurrency transfers - no limits or fees

Messenger WhatsApp has launched a pilot project for dispatch and receiving funds in cryptocurrency.

How it works?

Function works on New digital wallet Meta (formerly Facebook), which was launched in as a pilot six weeks ago. In this case, payments are made from using Pax Dollars (USDP) stablecoin pegged to US dollar issued by Paxos.

Payments in WhatsApp can be sent like this the same as any other files to do this, you just need to select the paperclip icon on Android or the + icon on iOS, а then choose «Payment» v the menu that appears.

Novi notes that there are no fees for sending or receiving money, no restrictions on the frequency of sending payments, and also no commissions for maintaining balance on your Novi account or its translation into your bank account. Payments are transferred instantly.

Also, payments are not affect end-to-end encryption of WhatsApp, which is the default is used for all private conversations.

True, while the function is only being tested among a limited number of users and only in USA. A pilot version of WhatsApp Novi is available on English and Spanish.

A source: @skasriel, The Verge

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