Venmo officially announced the launch of a new feature. It will allow users to set their friend’s list to private mode.
Earlier this month, a BuzzFeed News article uncovered President Joe Biden’s issue with Venmo.
Paypal-owned transaction app, called Venmo, always had a public list of friends, and the attention of the users was recently drawn to this feature. That happened shortly after the leakage of President Biden’s friends, social network, associates, and even his family.
Jane Machun, a computer engineer, revealed today that the service is finally responding to the issue by adding privacy choices for the app’s friend list. This move can certainly make a big impact on Venmo’s users because they can now put their friend’s list in private and restrict certain people.
What is Venmo?
As stated above, Venmo is a mobile payment platform run by Paypal. Venmo account users can easily transfer payments to others via mobile device application. But before the transaction, both the sender and receiver have to live in the United States.
How does it work?
Venmo is a peer to peer payment service, it’s a smart phone app that directly allows you to send money to your pals. Through this, there is no more need for a credit card, wallet, or excess money transfer fees. You can simply link the app to a debit card and start spending.
The main purpose of Venmo is to send and receive money online from other people. Instead of looking for an exact change to pay your friend back for paying your dinner, you can just use Venmo to repay back the exact amount. Aside from transferring cash to your friends and family, this application will also allow you to make big purchases online.
With the use of Venmo, you can buy goods and services from an online seller.
Venmo’s social side
Over the course of time, Venmo has taken the lead of the peer to peer payment industry by making money transfers enjoyable and entertaining. Its users can now spice up the deal by using emojis to describe the traded things.
For example, a friend of yours pays for a glass of wine. That friend can send a Venmo payment with the addition of a wine glass emoji.
Developers created this feature for a humorous gesture, and also to take out the awkwardness of asking your friend to pay back.
Is Venmo safe for everyone?
Security vulnerabilities can affect any internet-connected application. As a result, Venmo and other such platforms that are directly linked to a consumer account must adhere to the highest security requirement. For this reason, Venmo employs data encryption technology to safeguard customers against unauthorized transactions.
Unfortunately, even though developers and creators raised their security level. Hackers and scammers can still breach these barriers. Just like the issue of President Biden, his account was manipulated and leaked private details.
As a whole, this big step of creating a new feature that gives private options for users can surely guarantee their safety. But, do not let your guard down and be vigilant because these fraudsters will always make a way to get into your account.
Here’s a video that explains how to use Venmo.