diff --git a/shared/package.json b/shared/package.json
index fa43a339e9da..6de79c47be76 100644
--- a/shared/package.json
+++ b/shared/package.json
@@ -110,7 +110,7 @@
     "react-native": "0.61.5",
     "react-native-audio": "4.3.0",
     "react-native-contacts": "5.1.0",
-    "react-native-fast-image": "7.0.2",
+    "react-native-fast-image": "8.3.0",
     "react-native-gesture-handler": "1.5.2",
     "react-native-hw-keyboard-event": "^0.0.4",
     "react-native-iphone-x-helper": "1.3.1",
diff --git a/shared/yarn.lock b/shared/yarn.lock
index ece3753d4627..e3e5f4de13e4 100644
--- a/shared/yarn.lock
+++ b/shared/yarn.lock
@@ -10952,10 +10952,10 @@ react-native-contacts@5.1.0:
   resolved "https://registry.yarnpkg.com/react-native-contacts/-/react-native-contacts-5.1.0.tgz#94ba9a94f3de2211b812d2dbd268c472441a6684"
   integrity sha512-mLX9XWLiwmZ5C4iInODEaupzWmkVv3/oRDLcecqFCAvMhJ9cgnxuWvVKE9nMFGUwRIZN+KWjjJJ97/OxvErA7g==
 
-react-native-fast-image@7.0.2:
-  version "7.0.2"
-  resolved "https://registry.yarnpkg.com/react-native-fast-image/-/react-native-fast-image-7.0.2.tgz#e06b21f42f4a9786eaa86f3db35d919070fb8403"
-  integrity sha512-MfuzJbC0RjYobR2gFCdqe1I7jvNOCfDkjQ7VGOHXniqjohhULMkcWNBE9Umovi9Dx93lJ6t5utcE2wf/09zvlg==
+react-native-fast-image@8.3.0:
+  version "8.3.0"
+  resolved "https://registry.yarnpkg.com/react-native-fast-image/-/react-native-fast-image-8.3.0.tgz#5821fac5e8759b3a87628600522eb72c579b0b9f"
+  integrity sha512-b0uhUEXKuIWY1WFai30i4LR99kF8OKoOjl6Yqcnc/bydkuE1r7oj0eUNifa7jwD4Pdpeff+uGMrEz27UMap0yQ==
 
 react-native-gesture-handler@1.5.2:
   version "1.5.2"