Facebook will be directly taking on Venmo and rival Snapchat by adding money transfer to it’s Messenger app. A user has to link a debit card to their Facebook account and must initiate a chat before being able to send money to a friend. It remains to be seen how secure this will be as Venmo has been under fire lately about being susceptible to hacks. It appears you will be able to set up a PIN, Apple Touch ID as well as two-factor authentication.
Facebook Adds Money Transfer To Messenger App
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