
WhatsApp to Allow Users to Send and Receive Money with Novi Crypto Wallet in US
WhatsApp is testing a new crypto feature that facilitates sending money as seamlessly as sending a chat using Pax Dollar (USDP).
WhatsApp is testing a new crypto feature that facilitates sending money as seamlessly as sending a chat using Pax Dollar (USDP).
Amid the Facebook Novi launch, some federal legislators want the social media giant to discontinue the project.
Users in the enlisted areas would be able to send and receive USDP in their Facebook Novi wallets, with Coinbase providing custody.
The NFT move from Facebook will position the company to tag along with the evolution in the broader cryptocurrency ecosystem.
In a blog post published by David Marcus, he has openly stated that he believes the global payment system is flawed and needs fixing which can be facilitated by introducing Novi Wallet.
Zuckerberg explained that with Libra it could be easier for individuals to transfer money or pay for goods across national borders, which would be an advantage for both businesses and Facebook.
Facebook has re-branded its Calibra digital wallet to Novi which will facilitate instant cross-border money transfer without any hidden charges associated. The Novi digital wallet will launch along with the Libra network.