Based on The Verge, Facebook is now offering credit transfer between users. With just a simple click on the “$” sign in the messenger, users can now transfer any amount between banks. The targeted users of this service are residents in USA with Visa or Mastercard and this service is expected to launch within this year.
This convenience of this services does raises some security doubt. However, Facebook promises they will strengthen the security of the whole payment services by providing a dedicated support team to enhance the security and confidentiality during credit transfer. Facebook users can also uses Touch ID or PIN numbers to authorize the credit transfer via Messenger.