Author: Artem Hihach
Zelle is a digital payment network that allows users to send money to their friends and loved ones without charging a penny. Today, we will be discussing the latest Zelle updates and what’s in for the users.
A New Safety Feature
Zelle announced the introduction of a feature aimed to protect its users’ privacy on the application. This update will enable users to add and remove their personal information, such as names and addresses, from the Zelle website and app interface.
Other privacy and security features of Zelle include:
- Allows users to set a maximum value for their account.
- Advances the security of users’ personal information by requiring two-factor authentication for accessing the website and app.
Splitting Payments Among Friends and Family
Zelle, which is an application known for splitting bills among friends and loved ones, is not stepping down on this feature.
To split payments with your groupies, tap the ‘split’ button, select the people you want to share bills with, enter the total amount you want to share, and hit the send button.
After that, Zelle will divide the payments into equal parts or a manual ratio (to be determined by you) and automatically send payment requests to everyone in the group.
With the Zelle payment splitting feature, you can spontaneously attend events with your friends and keep the bills at a minimum. You can split the cost of the gas and snacks for the road without the hassle of the ATM.
Buy and Sell Crypto Tokens
Zelle has launched a crypto feature on its app. The feature allows users to buy and sell cryptocurrencies with no third-party interference.
The app is the first of its kind to offer crypto trading on a large scale in the United States. The feature can also be used as a micro-investment to buy and keep fractional shares of cryptocurrency.
To buy cryptocurrency via Zelle, follow the guide below:
Step 1: Create an account with LocalBitcoins
Step 2: Verify your account
Step 3: Go to “Buy Bitcoin” and search for vendors that accept Zelle Pay
Step 4: Open a trade with the vendor and complete the terms
Step 5: Receive Bitcoins directly into your LBC wallet
Nev Schulman of MTV’s Catfish and Zelle® Launches Educational Campaign for National Consumer Protection Week
A recent consumer behavior study conducted by Zelle® made it known that about 53% of the entire population are now aware of scams starting from the beginning of the Covid-19 pandemic. This data shows that several people are not aware of scams that are clouding the internet ecosystem.
Together with their ‘Play it Safe’ initiative, Zelle collaborated with the Detroit Pistons and Vox Media, and Schulman’s social media PSA campaign to educate consumers about several scams on the internet.
Conclusion
Zelle is a popular peer-to-peer (P2P) financial platform that allows users to transfer money to their friends and loved ones with a blazing speed. Some of its latest updates include buying and selling cryptocurrencies, enhanced privacy options, and many more.
