The mobile payment application, owned by Pay Pal (PYPL)
, announced the changes on Tuesday, explaining that getting rid of the global flow is part of its “continuing efforts to continually evolve the Venmo platform.” In the future, users will only see payments between friends when they open the app.
“The Venmo community has reached 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.
The global stream of Venmo has been at the center of privacy concerns. In 2018, PayPal settled with the Federal Trade Commission
for an undisclosed amount following complaints about the app’s privacy controls on their transactions. Despite certain privacy settings, the federal agency said the app “has misled consumers about how these settings work.”
Venmo also announced extensive privacy controls in Tuesday’s changes. For example, users can also choose whether they want their profile to appear in the friend’s News Feed or remain hidden.
In other changes, users will see a redesigned lower navigation toolbar allowing them to switch between the Friends feed, their personal profile, and Venmo’s growing suite of products. Venmo recently added crypto support that allows people to buy bitcoin, ethereum, litecoin, and bitcoin cash for as little as $ 1.
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