The service works on the website. It is Facebook Meta.
The city of Novi.
Meta, the tech giant formerly known as Facebook, has expanded its pilot program for the use of cryptocurrencies in payments to include some users of the messaging app Whatsapp in the US.
Stephane Kasriel, the CEO of Novi, said in a posting on the social networking site that a limited number of people have access to moving money digitally with the company. Meta is a unit of WhatsApp. Sending money to family and friends is easy, Kasriel said. There was a notice on the website.
The app is designed to transfer money instantly with no fees to send or receive money. Pax Dollars, or USDP, is a stable coin that has a value pegged to the US dollar and is backed by cash and cash equivalents.
In October, Facebook launched a small pilot program in some parts of the US and in a few countries to help people who don't have a bank account. Novi is working with a different exchange to make sure the safe storage of customers' funds is ensured.
In October, a group of Democratic senators called on Facebook's founder and CEO Mark Zuckerberg to stop the launch of a payment system because the company couldn't be trusted to manage it.
Business Insider has an original article.
