Hacked screen shots reveal that money transfer is coming to Facebook Messenger

Hacked screen shots reveal that money transfer is coming to Facebook Messenger
Based on some hacked screen shots posted by a computer science student at Stanford University, Facebook Messenger has all the underpinnings needed to enable funds transfer between friends.

All that would really need to happen is that Facebook would just have to flip the switch to make it a reality. Users would simply need to add a debit or credit card, and program an in-app PIN code for security.

Peer-to-peer payments like this would easily be a viable competitor to the likes of PayPal which is no coincidence since former PayPal president, David Marcus now heads up Facebook Messenger. Facebook is not the only messaging platform exploring this model, Snapchat has been hard at work looking at ways to monetize it service as well.

In either case, it is not known if Facebook would impose a fee for money transfers within Messenger. Given the breadth of the social network however, the options available are plentiful. During Facebook’s last earnings call, Mark Zuckerberg said there would be some overlap between Messenger and payments, with the social network looking at more ways to get people to share and interact with businesses, but “there’s so much groundwork for us to do.”

That sounds like monetization ideas for Messenger will be something a bit more elegant than simple service fees. No matter the method, it is clear that we will see Messenger become a mechanism of commerce in addition to communication. 



sources: Andrew Aude (Twitter) via TechCrunch and UPI

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12 Comments

1. DeusExCellula

Posts: 1390; Member since: Oct 05, 2014

On Facebook Messenger? Seriously?

4. AnTuTu

Posts: 1612; Member since: Oct 14, 2012

Another reason to encourage Hackers. Well done FB....

6. Settings

Posts: 2943; Member since: Jul 02, 2014

Another reason to leave Messenger and eventually Facebook.

2. Derekjeter

Posts: 1492; Member since: Oct 27, 2011

I see so many people getting robbed of their cash.

3. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

Because Facebook thinks drug dealers are going to use N̶S̶A Facebook Messenger?

5. james1

Posts: 97; Member since: Mar 16, 2013

Great idea facebook. Why not let those who get catfished be broke too..

9. tigermcm

Posts: 861; Member since: Sep 02, 2009

hahahahahahaha i dont get why in this day and age ppl are getting catfished. if they dont have video then dont talk to them

7. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

Another way to steal money on the go

8. xeonfire

Posts: 94; Member since: Feb 15, 2014

Really? Already swarm with tons of fraudsters ready to pounce on those lonely men and women who are less Internet savvy, now Facebook just make it much much easier.... Good work Facebook! Not!

10. AlikMalix unregistered

"Hacked screen shots reveal that money transfer is coming to Facebook Messenger" Something about "Hacked" and "money transfer is coming" just doesn't settle well logically...

11. shuaibhere

Posts: 1986; Member since: Jul 07, 2012

Money transfer through facebook??? Joke of the century!!!!

12. Twisted247

Posts: 282; Member since: Oct 12, 2012

LMFAO Facebook. Y'all just made the CatFish game become a profession... LMFAO, so many people will be hustled through Facebook and they know it. They just want their percentage like PayPal. Facebook will take a1-4% take on transfers... Thieves

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