Are You Ready for Whatsapp Pay?

Jun 9, 2020 | AR & VR | 0 comments

Many of us in the Western World forget that we’re often the last people to hear about updates to important apps. For example, India is the lab of choice for major tech firms to test out new updates like Whatsapp Pay. Facebook-owned Whatsapp has reportedly been investigating a payment option in India for the past two years, and now it might be coming to the rest of us. So, are you ready for Whatsapp Pay? 

Why Do We Need Whatsapp Pay? 

I mean, we technically don’t. Most of us have a variety of other peer-to-peer payment options like Google Pay, Venmo, CashApp, and Paypal, available at any point. However, those are not all available everywhere in the world. 

Whatsapp Pay could bring more effective peer-to-peer payments to the developing world, particularly South Asia and Africa. Both places still have developing infrastructure that often does not support the Western payment options like Venmo. 

Let’s also not forget that crypto payments have become increasingly popular, with companies like Ripple even entering the global remittance markets. There is clearly a market for a new peer-to-peer payment option, and Whatsapp just might have tapped into it. 

How Will Whatsapp Pay Work? 

If you’re super dependent on your payment apps, but don’t want to download another, Whatsapp Pay may be ideal for you. 

The payments will work directly through the app. In India, Whatsapp Pay is based off of the National Payments Corporation of India’s Unified Payments Interface. It’s dedicated pretty much exclusively for peer-to-peer payments, unlike Google Pay which allows users to pay their bills etc. 

It’s not a reach to assume that it will work similarly in other regions. Facebook has allegedly been working on rolling this new feature out for the last two years, and Indian users have reported that it’s best for peer-to-peer payments. 

are you ready for Whatsapp Pay?

In developing countries, and in the time of Covid-19, a means of payment that can be done exclusively from a phone app is ideal. Social distancing means that less people are going to work, and the need for remittance has increased. In developing countries, the remittance market is already fairly huge, and Whatsapp Pay could help it expand further. 

Unlike Facebook, with its range of glaring social irresponsibility issues, Whatsapp Pay could be a force for good. 

So, there’s really only one question left to ask: Are you ready for Whatsapp Pay? 

Whatsapp Pay Could Bring Peer-to-Peer Payments to Developing Countries

It’s not like developing countries have no form of peer-to-peer payment systems, in fact many have had them for thousands of years. However, in the digital age it’s vital that we move forward – particularly in a time of social distancing. Whatsapp Pay could be an immense help to those looking for a peer-to-peer payment option, without all of the hassle. Since rolling the feature out in India in 2018, Facebook has clearly made strides. Now, there are whispers that it will be available elsewhere in the very near future. So, are you ready for Whatsapp Pay?  

Editor’s Choice

What Are Altcoins And How Do They Work?

Welcome to chapter two in our Introduction to Cryptocurrencies. In this installment we’re going to be covering altcoins and everything you need to know about them. If you’re reading this wondering what an altcoin is exactly, read on dear friend, we’ve got you covered. Let’s dive into what are altcoins and how do they work?

What Are Altcoins And How Do They Work?

Welcome to chapter two in our Introduction to Cryptocurrencies. In this installment we’re going to be covering altcoins and everything you need to know about them. If you’re reading this wondering what an altcoin is exactly, read on dear friend, we’ve got you covered. Let’s dive into what are altcoins and how do they work?

read more

5 Best Bitcoin Wallets for Windows

If you’re looking around to find the best desktop wallets for your favourite cryptocurrency, you need look no further! We’ve done all the heavy lifting for you and consolidated our research to bring you the 5 best Bitcoin wallets for Windows. Like you, we’re big fans of convenience and security, and desktop wallets don’t get any better than that. Let’s dive in and explore what our top recommendations are, in no particular order.

read more

5 Best Bitcoin Wallets for iPhone iOS

Now that we’ve taken you through the different types of wallets and how they work, it’s time for you to settle into one that conveniently slides into your life. Mobile wallets offer fast and easy access to your crypto portfolio at all times, similar to how Apple products just make life that much easier. In this piece we’re going to jump right in and name the 5 best Bitcoin Wallets for iPhone iOS our team are currently using.

read more
How to Buy Bitcoin in Turkey in 2021

How to Buy Bitcoin in Turkey in 2021

Following President Recep Tayyip Erdoğan dismissal of central bank governor Naci Agbal recently, the Turkish lira (TRY) took a tumble in global markets and sent Google searches for the term “Bitcoin” soaring. Whether using Bitcoin to hedge against the demise of your local fiat, high inflation rates, or just to tap into a new market, cryptocurrencies provide a reliable gateway with global usability. Whatever your reasons, we’re going to show you in this simple guide how to buy Bitcoin in Turkey in 2021.

read more
Can Your Bitcoin Wallet Be Hacked? How To Secure Your Funds

Can Your Bitcoin Wallet Be Hacked? How To Secure Your Funds

In our previous piece making up our Bitcoin 101 puzzle, we covered what Bitcoin wallet should you use in 2021. Building on from that here we explore the world of wallet safety asking can your Bitcoin wallet be hacked? As we uncover the truth behind the answer we’ll also dive into how to secure your funds and ensure that they are out of hacker’s reach. Before we get into that, in case you missed the last piece let’s do a quick recap.

read more
What Bitcoin Wallet Should I Use In 2021?

What Bitcoin Wallet Should I Use In 2021?

Whether you’re new to the industry (welcome) or a seasoned old timer looking for some other options, finding the right fit for your crypto trading habits is imperative. As we explore what Bitcoin wallet should I use in 2021 we’ll also explore the various options available and explain the pros and cons of each. This is one of the many chapters covered in our Bitcoin 101 archives.

read more
Read previous post:
Facebook’s Bitmoji-like avatars
Facebook’s Bitmoji-like Avatars Might Not Be Such a Good Thing

Gone are the days of having to express your complex thoughts with a simple like, sad, happy, angry, or thumbs...

Close