What you need to know
- WhatsApp is testing cryptocurrency payments on its platform.
- Some users can now send and receive money through Novi, a cryptocurrency digital wallet.
WhatsApp is testing cryptocurrency payments on its platform with a new Novi pilot.
Novi head Stephane Kasriel announced:
Kasriel continued stating Novi enables sending and receiving the money to loved ones securely, instantly, and with no fee. The payments appear in chats as messages.
He further noted that the company was still "very early in the Novi pilot journey", so is testing the system just in the U.S.
To send money on WhatsApp using Novi, simply select the paper clip app on Android or the '+' button on iOS and select 'Payment' from the menu, before following the on-screen instructions in order to log into your account.
Money added to a Novi account is converted to Pax Dollar (USDP, which it describes as a regulated and stable digital currency.
Novi was formerly known as Calibra, a digital wallet created by Facebook.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9