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WhatsApp introduces cryptopayments via chat in the U.S.

WhatsApp introduces cryptopayments via chat in the U.S.

Meta's WhatsApp chat app has enabled the integration of cryptocurrencies in a new pilot program launched in the U.S. According to Novi executive Stephan Kasriel and WhatsApp head Will Cathcart, the app is testing a cryptopayment feature supported by Novi's wallet and the stable currency Pax Dollars (USDP), Bitcoinist reported. The cryptopayment pilot program has been enabled for a limited number of people in the U.S., Kasriel announced via his personal Twitter account. The feature allows users to send and receive money with Novi directly from the app, as shown in the image below.

The feature will be available in the user's chat room, where they can select the amount to send. Later, they will see the recipient's name and the amount to receive, from the image Novi will work on the feeless model and allow people to connect their debit cards. This will make the process of sending funds using cryptocurrencies and WhatsApp, at least in the U.S., as “simple as sending a message”. The head of Novi commented on the announcement as follows: "Since we introduced the Novi pilot just six weeks ago, we've been able to test and learn which features and functionality are most important to people and direct our efforts to make them even better. The team behind Novi is working to make the process safe and instantaneous without having to pay extra for the service, according to Kasriel. As such, they will continue to pilot the feature in the U.S. at an early stage, but will look to expand it once they receive feedback from users, Kasriel said: Using Novi does not change the privacy of WhatsApp's private messages and calls, which are always end-to-end encrypted. According to Novi's official announcement, users will be able to send and receive funds as “often as you want, in a few simple steps”. In order to access this feature, users will need to create or log into their Novi accounts. This will help “round-the-clock account monitoring” Novi detect “suspicious activity”. The company says users' financial information will be encrypted. This includes documents, IDs and photos that each user must upload in order to access the digital wallet.

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