The app links your Facebook friends and email contacts to your bank account. All data is sent over a 256-bit encrypted connectionthe same encryption method used to protect classified government informationand transactions are protected by the Federal Deposit Insurance Corporation.
Use Venmo on the new iPhone equipped with the fingerprint reader and you're golden.
The simple act of convincing enough friends to use the service makes it useful.
And Bitcoin isn't at $500 per because...
Exactly! Fuck... That... Shit.
No effect on BTC price. Maybe help it a bit like Dwolla. Do I *have* to link a FB to it? If so, no thanks, not ever.