WhatsApp starts testing currency payments with Meta’s Novi wallet
Some U.S. activists previously asked the DOJ to stop Meta from offering its digital currency wallet Novi on its platforms. Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Wednesday that Meta’s messenger subsidiary, WhatsApp, has started testing transactions through Meta’s Novi wallet.According to the executive, the new feature is available for a “limited number of....
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Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well as purchase digital dollars directly from the interface of the messaging service. This is an extension of the pilot program started six weeks ago focusing on remittances.
Novi Extends Pilot Program With Whatsapp Integration
Novi, the wallet service of Meta, has launched an extension of its pilot program that started six weeks ago. This new phase....
Meta’s wallet pilot Novi is set to end in September, with the announcement coming days after Mark Zuckerberg touts Meta Pay on Facebook. Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project.Novi’s website landing page has been revamped to inform pilot users that the platform will be decommissioned on September 1. This ends an eight-month-long pilot project that saw users based in the United States and Guatemala trial the cryptocurrency-powered payment platform.Users are directed to withdraw the remaining funds....
A new report reveals over half of people believe cryptocurrency payments give businesses a competitive edge. Crypto payments might be the innovation companies are looking for. A recent survey by payment network Mercuryo revealed that 57% of respondents believe accepting cryptocurrency payments would give companies a competitive edge. Among the other standout statistics, more than a third of businesses reported that customers had asked to pay in Bitcoin (BTC), Ether (ETH) or another digital currency.Hot on the heels of news that Dogecoin (DOGE) will trial for Tesla merchandise payments and....
Bahrain’s central bank initially announced the JPM Coin trial in May 2021. Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency.The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx, according to an official announcement published on Jan. 6.The trial involved two other major institutions, Manama-based international bank, Bank ABC, and Bahrain’s national aluminum....
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency during the test, but David Marcus, head Of Facebook Financial, stated they still plan to launch with Diem once it gets greenlighted by regulators.
Novi Launches Test Pilot Sans Diem
Novi, Facebook’s digital wallet, is now running a test pilot program of its....