While the pilot program for Novi is limited to the United States, it’s important to know that it won’t change your privacy when you send or receive messages on WhatsApp. The wallet is powered by USDP and will replace Meta’s Calibra. The company has been working on this wallet for months, but scaled back its global plans to accept payments with its digital currency Diem. In the meantime, Novi will allow you to send and receive money within a WhatsApp chat.
Novi will allow users to send and receive money within a WhatsApp chat
Facebook recently introduced its own cryptocurrency wallet called Novi. It has been in beta testing in the US and Guatemala. Testers have been able to send personal payments and receive them using Novi. Now, Novi is rolling out to some users in the US. It will require you to set up an account with Novi to use it. Once you do, you can start receiving and sending money within WhatsApp chats.
It will use USDP instead of USD
Using a cryptocurrency wallet like Novi, you can send money to your friends, family, and the world. Unlike other digital wallets, Novi will use a stablecoin called Pax Dollars instead of USD for international payments. These are fully backed by cash. Therefore, you don’t have to worry about fees when using Novi to send and receive money.
It will be a replacement for Meta’s Calibra
Facebook has rebranded its digital wallet Calibra as Novi. Previously known as Calibra, the new wallet will allow users to send and receive Libra digital currencies. It will be available on Facebook Messenger, WhatsApp, and as a standalone application. Novi is a Latin word meaning “new way.” Facebook says the name is meant to be “futuristic” and represents the fluidity of digital currencies.
It will be available in the United States only
Facebook, which owns WhatsApp, Instagram, and Facebook, has announced the launch of a cryptocurrency wallet called Novi. The Novi wallet is designed to help people transfer money in an easy way. It is intended for people outside of the banking system or those who need to send money overseas. However, the company has faced opposition from regulators. A few Democratic senators have urged Facebook to suspend Novi, saying the company is not trusted to manage the payments system.
It will eventually bring all of Meta’s payments offerings under the Novi brand
Facebook recently renamed its company as Meta and announced its ambitions to build a “metaverse” platform. As part of that move, Meta is bringing its payments offerings under the Novi brand. It’s unclear how this will affect users of its WhatsApp messaging app, which is owned by Facebook. However, this move is likely to benefit the Meta ecosystem. Let’s look at the latest developments in this space.