WhatsApp to Support Crypto Payments in the US; Digital Coins Struggle

Bitcoin lost 3.02% within the past day, while ETH dropped 5.57% (coinmarketcap data). WhatsApp had introduced another crypto payments project in the US.

WhatsApp has introduced a pilot that allows a limited number of individuals in the United States receive and send money using cryptocurrency. Meta's digital wallet Novi powers the functionally. Novi launched six weeks ago. Also, users will use Pax Dollars (USDP) to make payments. USDP is a stablecoin tied to the United States dollar by Paxos. The report came from a Wednesday tween by Stephane Kasriel, Novi head.

Meanwhile, mainstream digital coins, BTC, ETH, and BNB, plummeted on 10 December (coinmarketcap data). Bitcoin witnessed its value dropping by 3.02%, trading at $48,411.6. The latest downswing saw the leading crypto dropping market dominance as altcoin rose. However, today's overall market downbeat had BTC's dominance increasing by 0.38% to 40.29%.

Bitbns CEO Gaurav Dahake said that Bitcoin should conquer obstacles such as prolonged altcoin seasons. That comes as Omicron derail the global economies' reopening momentum. Ethereum dropped 5.57% to trade at $4,143.7 as BBN saw a 4.18% drop to trade at $578.8. Solana wavered near $180.8, following a 4.74% dip. Also, Cardano plunged to $1.30 after a 5.45% drop.

Meme Coins

Top meme coins like DOGE, SHIB, SAMO, and ELON suffered plunges within 24 hours. Dogecoin dropped 3.72%, wavering around the $0.1709 level. Its rival, SHIB, traded at $0.00003513 after losing 3.92%, as Dogelon Mars dropped 3.1% to trade at $0.00001181. Also, Samoyedcoin saw an 8.8% fall to $0.04829.

The crypto downswings saw the overall market cap losing 3.72% within 24 hours, standing at $2.27 trillion. Meanwhile, the cryptocurrency market volume gained 2.53% to 4104.67 billion. All BEST ICO (ALLBI) led the gainers today, surging 1171.2% to trade around the $0.03658. On the other part, SafeDogecoin (SAEDOGE) suffered maximum loss, dropping 79.9% to hover at $0.1288.

Latest Market Update

Novi crypto will allow users to receive and send money via WhatsApp, the social media messaging app. Stephanie Kasriel, Novi head, stated that limited individuals could start sending money via crypto using WhatsApp. He said that makes sending money as quick as messaging.