A small number of users in the United States will be able to make a payment using a new feature on the messaging service.
Users of the messaging app can send and receive money instantly, securely, and with no fees, thanks to the pilot program.
Sending regular attachments in a conversation is similar to the way the payments work in the messaging service. Users tap the plus icon and then select payment from the menu. Users who are paid this way will receiveUSDP, which can be withdrawn to a bank account in its equivalent value in US dollars.
There is no limit on how many times the Novi system can be used to send and receive money. There are no fees for keeping a balance in a Novi account or withdrawing it from a bank account. The end-to-end encryption of personal messages is unaffected by the inclusion of Novi in the chat platform.
There is a new way to try the wallet. Sending money to family and friends is now as easy as sending a message onWhatsApp, as a limited number of people in the US will be able to do today.
Some users in the US will be able to use the small pilot program today. You can find more information about the integration on the Novi website.
The pilot is one of the outcomes of Meta's plans. The plan was to create a digital wallet called Calibra that would be linked to a criptocurrency called Libra.
Calibra has been adopted by the Paxos stable coin in partnership with the custody partner of the pilot, which is the same as Diem.
Payments in India and Brazil are done in traditional fiat currencies.
WaBetaInfo is a website.
