BlackBerry Chooses PayPal for Peer-to-Peer Money Transfers
In an effort to catch up with modern technology, BlackBerry has created a money transfer platform on its BBM app that allows users to send money to one another through their phones. The company announced PayPal will be the financial firm in charge of payment processing for the transfers.
To take advantage of the new peer-to-peer (P2P) money transfer option, users simply have to link their PayPal accounts to their phones on the BBM app. A “Send Money” icon will appear on the app, and a user can send money to anyone linked to the network. The application does not require the use or availability of the PayPal mobile app, which also allows people to send money between accounts through their phones.
The peer-to-peer transfers are currently only available through a beta version of the app in Canada, but will likely be expanded to other countries in the next few weeks.
BlackBerry has long struggled to keep afloat with the rise of other smartphones such as the Apple iPhone and Samsung Galaxy lines. Nevertheless, the launch of new devices like the BlackBerry Passport has reignited a small flame of followers for the longstanding mobile brand. BlackBerry devices are still used by government officials, despite a scare last year that threatened to cost the company a huge portion of their business. The Obama administration tested Samsung devices, but they decided to stick with BlackBerry for the time being.