WhatsApp test pilot program for Payment with Cryptocurrency in the US

WhatsApp test pilot program for Payment with Cryptocurrency in the US

WhatsApp has launched a new pilot program that lets a “limited number” of people in the US send and receive money from within a chat using cryptocurrency. The feature is powered by Novi, Meta’s digital wallet that launched as a pilot six weeks ago, with payment made using Pax Dollars (USDP) , a stablecoin pegged to the US dollar issued by Paxos. The news was announced by Novi’s incoming head Stephane Kasriel and WhatsApp’s Will Cathcart.

What is WhatsApp’s Novi Wallets

According to Novi’s website, sending a payment work much like sending any other attachment in WhatsApp. You access the feature via the paper clip icon on Android or the + icon on iOS and then select “payment” from the menu that appears. Novi’s site notes there are no fees for sending or receiving money, no limits on how often payment can be done, and no fee to keep a balance in your Novi’s account or to withdraw it to your bank account. Payment is transferred instantly.

whatsapp cryptopayment methods

The Novi pilot was originally available in the US and Guatemala but WABetaInfo notes that users in Guatemala won’t be able to access the new WhatsApp payment functionality. Instead, they will have to continue using the standalone Novi App. Payment does not affect WhatsApp’s end-to-end encryption which is in place by default for all personal conversations. The WhatsApp Novi pilot is available in both English and Spanish.

whatsApp cyptocurrency payment

The new pilot program has its root in Meta’s much-hyped cryptocurrency plan which was officially announced in 2019. At the time Meta planned to develop and launch a cryptocurrency called Libra, which would be pegged to a basket of low-volatility assets rather than anyone specific currency. This would integrate with a Facebook-developed digital wallet called Calibra. The whole system was designed to offer a way to send money around the world with lower fees than traditional methods.

whatsapp crypto payment

These plans have shifted considerably since then. Libra has become Diem, the Libra association has lost several of its most high profile members and become the Diem Association and the Calibra has become Novi. Perhaps most notably Novi has ended up launching without the Diem cryptocurrency. Instead, Pax Dollar are the work of a separate company called Paxos and Meta is relying on cryptocurrency exchange Coinbase as its custody partner.

Read here why CoinBase is the most trusted cryptocurrency exchange.

Meta’s then head of Novi David Marcus said that the company is still committed to Diem when he announced the launch of the Novi pilot in October. “we intend to launch Novi with Diem once it receives regulatory approval” Marcus tweeted. David Marcus subsequently said he was leaving the company at the end of the year. He has called the pilot of Novi in WhatsApp “the best farewell gift from the best team ever!”.


While WhatsApp’s US payment plans revolve around Novi and cryptocurrency elsewhere in the world it’s already offering payment using traditional fiat currencies. The Feature got a widespread rollout in India last year and has also launched in Brazil.

Similar Posts