The payment feature is already available for Indian and Brazilian users and, according to Meta officials, the same feature will be made available for American clients using the Meta-owned digital wallet Novi.
While the Indian WhatsApp Pay relies on the country’s Unified Payment Interface (UPI) to send and receive money in local currency, Novi will allow its users to make payments using Pax Dollar (USPD), a stable crypto whose value is linked to the American national currency. All payments received in USPD can later be withdrawn to the client’s bank account for an equivalent value in USD.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.