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FACEBOOK DEVELOPS APPS. THAT ALLOWS SUBSCRIBERS TRANSFER MONEY AND ALSO HIDE THEIR IDENTITY.

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Wednesday, 08 October 2014
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Facebook is testing a new feature on its standalone
Messenger app that would allow users to send each
other money.
According to screenshots that appeared this week,
Facebook Messenger is already equipped to handle fast mobile payments with a user’s registered card details.Andrew Aude, a computer science student at Stanford University, discovered the hidden feature using iOS and OS X tool Cycript.
According to Aude, it is easy to transfer money using
Facebook Messenger. Users can tap to attach money
to a message, much like a photo, then choose from
any registered card to make the payment.
Payments are private and not published to the News
Feed. There is no need to register bank details, though it is not clear how Facebook finds the bank details of the recipient to transfer the cash.
Facebook had hired former PayPal president David
Marcus in June. And last month, reverse
engineer Jonathan Zdziarski discovered Messenger had the ability to store credit card information.
The company which was earlier criticized by subscribers this summer for conducting a research that experimented on its members’ mood is set to launch an app that can enable subscribers hide their identity as pseudonyms in few weeks which could compete with similar secretive apps
like Secret, Whisper and Yik Yak.Citing reliable sources Facebook is also working on health care-focused apps, which could require a level of privacy as well.
Traditionally Facebook has strictly enforced the use of true identities on its main network until recently when it reached catch-22 from drag queens who wanted to use pseudonyms. That boosted sign-ups at competing site Ello.

credits: adweek

compiled,edited & posted by:@djshyluckjimmy.

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