The mobile payment app, owned by PayPal (PYPL)
, announced the changes on Tuesday, explaining that getting rid of the global feed is part of its “ongoing efforts to continually evolve the Venmo platform.” To advance, users will only see payments between friends when they open the app.
“The Venmo community has grown to over 70 million customers, so this change allows customers to connect and share meaningful moments and experiences with the people who matter most,” the company said in a blog post.
Venmo’s global feed has been the focus of privacy concerns. In 2018, PayPal agreed with the Federal Trade Commission
to get an undisclosed amount after complaints about the privacy controls of the app’s transactions. Despite having some privacy settings, the federal agency said the app “misled consumers about the operation of those settings.”
Venmo also announced expanding privacy controls in Tuesday’s changes. For example, users can also select whether they want their profile to appear in a friend’s feed or remain hidden.
In other changes, users will see a redesigned bottom navigation toolbar that will allow them to toggle between friends ’feed, their personal profile, and Venmo’s growing set of products. Venmo has recently added cryptographic support
which allows people to buy bitcoin, ethereum, litecoin and bitcoin cash for only $ 1.