According to Facebook's David Marcus, it looks like a new voice transcription feature will soon be baked into Messenger. This new transcribing feature would take a sound clip that you either send or receive to a friend, and transcribes the content of the message into text, just below the voice clip.
Marcus has said that Facebook is testing the new transcribing feature on a very limited basis, explaining "Our plan is to test this feature at a tiny scale for now and we're looking forward to seeing what you think of it before making the experience more widely available". We should expect the new transcribing feature to roll out on Messenger sometime in the near future.
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