In many ways, Venmo is the MySpace of P2P payment fintech. In a time when the cowed American consumer had all but surrendered to an existence of wiring money to someone requiring a trip to the bank (or Western Union) and/or multiple days of thumb twiddling while the banks did God-knows-what behind the scenes, a little company came out of the blue with a miraculous solution. Venmo’s pitch to the public wasn’t just “hey, you can just do that instantly from your smartphone now.” They sweetened the deal with a social element, adding “you can even post your transactions with friends like you’re on Facebook, that social media site we all love and will use forever.” Paraphrasing aside, the app drop was nothing short of a revelation. Soon, people everywhere were publicly sending money around with reckless abandon—splitting $10 dining bills, repaying dire emergency loans, and announcing their illegal drug purchases with coy emojis in the transaction memo lines for all the world to see. Today, people are still using Venmo more or less the same way. But in a time of increased public awareness and concern about data privacy, the app’s default setting to make all these transactions public by default has come under ever-increasing scrutiny. Earlier this week, a decade-and-change and one PayPal acquisition after launch, Venmo finally announced a big redesign of the app that seemingly takes those concerns to heart. New users to the platform will now get prompted to decide whether they’d like to share their financial decisions with the world as part of the onboarding process. Users will also be able to select whether they want the business they’re choosing to share to be seen by their friends list or the whole wide world. As Venmo’s SVP and GM Alex Sowa told The Verge, this change is an effort to help users “actually have trust in the Venmo experience.”