Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

WhatsApp begins testing currency payments with Novi wallet

Olumide Adesina by Olumide Adesina
December 9, 2021
in Cryptos, Tech News
WhatsApp begins testing currency payments with Novi wallet
Share on FacebookShare on TwitterShare on Linkedin

Meta has not stopped developing its digital wallet, Novi, despite opposition from some senators in the United States.

Meta’s e-payments and bitcoin banking unit Novi, headed by Stephen Kasriel, announced this week that WhatsApp, a subsidiary of Meta’s Messenger service, has begun testing transactions through Meta’s Novi wallet.

RelatedPosts

Crypto Focused Hedge Funds are Shorting USDT – Reports

Why every organisation should develop cybersecurity culture – Experts

A “limited number of people” will be able to use the new feature in the U.S., which will let users send and receive money on WhatsApp “instantly and without fees.”

Since introducing the Novi pilot in mid-October, Meta has been able to test and learn which features and functionalities are “most important to people.” He added that using Novi does not affect the security of personal messages and calls on WhatsApp, “which are always end-to-end encrypted.”

According to Will Cathcart, head of WhatsApp at Meta, some U.S. users can now send and receive money over WhatsApp using Novi. Novi will make it easier for people to send money securely, instantly, and without paying a fee to their loved ones, he said in an email.

A digital currency pilot was officially launched by Meta, formerly Facebook, along with a major crypto exchange, Coinbase and stablecoin firm, Paxos in October. Pax Dollar, a dollar-denominated stablecoin issued by blockchain trust company, Paxos, was initially used in the U.S. and Guatemala.

Meta has been accused of accepting deposits without a bank charter by the Open Markets Institute, a U.S. nonprofit organization.

USD Coin and Tether are the top two stablecoins, but USDP is one of the smallest.

As the Open Markets Institute noted, there are several legal and regulatory implications for Facebook’s pilot that need to be addressed by the agencies.

Related

Tags: NoviWhatsapp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    •  Investors in MTN Public Offer gain N35 billion in 6 months
    • Crypto Focused Hedge Funds are Shorting USDT – Reports
    • Customs seizes N1.3bn worth of smuggled goods in Ogun between May and June

    Follow us on social media:

    Recent News

    : MTN-Nigeria-CEO-Karl-Toriola

     Investors in MTN Public Offer gain N35 billion in 6 months

    June 28, 2022
    Tether, the most promising stable coin, now the third most valuable cryptocurrency

    Crypto Focused Hedge Funds are Shorting USDT – Reports

    June 27, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com