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Meta’s Crypto Project Novi Begins WhatsApp Stablecoin Payments Trial
Novi, a new crypto wallet for sending digital payments through WhatsApp, is available now and being trialled for a limited number of people in the US. Transferring money to friends is now as easy as sending a text message and you can do it all within the WhatsApp chat app, instantly and with no fees.
Novi is a new way to send and receive money – instantly, securely, and with no fees. With Novi on WhatsApp, you can transfer money without ever leaving your WhatsApp chat.
novi.com/WhatsApp
Stephane Kasriel, Meta’s head of cryptocurrency and fintech at Novi, officially announced the rollout of Novi via Twitter on December 9:
Meta Fine-Tunes its Fintech Ambitions
It’s no secret that Meta head Mark Zuckerberg has huge ambitions for his company, formerly known as Facebook, to claim its space in the world of crypto and fintech. Facebook first launched its cryptocurrency project, Libra, in 2019. Then it was rebranded to Diem, a stablecoin to be pegged to the US dollar.
Despite facing opposition from regulatory parties who have concerns over giant tech companies entering the world of blockchain-based finance having too much power, Novi has partnered with stablecoin provider Paxos and is now live through WhatsApp.
Author
Caitlin Carey
Caitlin is a crypto evangelist with a deep curiosity and passion for learning and writing about everything to do with cryptocurrency. She has a background as a performing artist and songwriter and is a digital media enthusiast, with a bachelor degree in Multimedia.
