Meta (formerly Facebook) has extended the pilot for its Novi digital app to WhatsApp, using a stablecoin to enable participants to send and receive money from within chats, according to Finextra.
Launched six weeks ago, the Novi pilot lets a small number of participants in Guatemala and the US to send money to their contacts internationally instantly, securely and fee-free, says Facebook.
The test uses the Pax Dollar – not the Facebook-backed Dim – for transactions, with Coinbase acting as the custody partner.
Participants had to use a dedicated Novi app but now the pilot is being extended to WhatsApp for a small number of US users, says Stephane Kasriel, who is taking over as Novi head from departing David Marcus.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
