Facebook has announced a new feature for its Messenger app that will allow users to send money to their friends. The service works via debit cards added to your account. To send money simply start a chat in Messenger then tap the "$" icon. Type in the amount to send and tap Pay. After you add a debit card to your account you can send and receive money to your friends.
Facebook says the system is completely secure:
We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you. We use layers of software and hardware protection that meet the highest industry standards. These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe.
Will you trust Facebook with your money?