As first revealed by a Stanford University student following a hack inside the social media giant's mainframe in October 2014, Facebook have now revealed and launched its unique payment messenger system.

Users can type "$" into Facebook's messaging system, type in the amount they want to transfer to their friend, and it will be sent immediately. Naturally, with money transfer technology there are security concerns, but Facebook have gone to great lengths to ensure the system is safe. At present the facility is only available to users who hold a Visa or Mastercard issued from a U.S bank, it is expected to roll out to other countries and payment methods in the near future.

Discover more about the new tool in the video above.

 

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