Facebook is going to launch money transaction facility

The Dhaka Times Desk Social media Facebook is now going to launch the facility of money transactions. It has been reported that users will get this facility through Facebook Messenger within a few months.

Social media Facebook is now going to launch the facility of money transactions. In a statement, Facebook authorities said that users will get this facility through Facebook Messenger within a few months. Initially, the facility will be launched only for users in the United States, but gradually it will be launched in all countries, the statement said.

Facebook has already added a new feature to Facebook Messenger to provide the free feature. However, to get the facility, users must have a master card or debit card of the bank. It is said that it may take up to 3 days for money transactions through messengers depending on the bank.

However, Facebook is already facilitating large sums of money for advertisers and games. According to online market experts, if the money transaction facility is added for users, Facebook like Square Cash or Venmoth will come forward in the money transaction competition through social media.

As for how to send money, in order to get this facility, the user must first specify the amount of money by clicking on the 'dollar' symbol in Facebook's Messenger apps. Then click on the 'Pay' option and send the message by entering the debit card number and your money will reach that particular friend. The recipient of the money can receive the message with his master card or debit card number by activating the messenger option on Facebook.

Facebook has claimed that there is no security risk in money transactions through Messenger. A Facebook statement said, 'More than 1 million transactions are made on Facebook every day. And all are done through Messenger. And we follow safe procedure in this money transaction through messenger.'

Now it's just a matter of seeing how successful Facebook is as a social media platform, how successful they are in monetization. Time will make everything clear.