With the Facebook IPO, Instagram is going public and Facebook has opened up its API to developers.
You can now make payments with your phone and make payments to your friends through your Facebook account, as well as send and receive money via the company’s Pay service.
Instagram is also introducing a new feature that lets you track how much money you’ve spent on your Instagram posts, and it’s going to allow you to see the total amount you’ve been spending on a post in real time.
“It’s a lot easier for people to manage their finances on Instagram now than it was five or six years ago,” said CEO Kevin Systrom, adding that the service now has a new set of tools and APIs that make it easier for developers to create apps that use Instagram.
The company has also launched an Instagram-specific website that lets developers easily add and remove Instagram posts.
Instagram, which was originally founded in 2010 by Mark Zuckerberg, now has over 3 billion monthly active users and it currently has over 30 million users in China.