Messaging App Snapchat Introduces Peer-to-Peer Payments with Snapcash
Mobile messaging app, Snapchat has just jumped into the growing peer-to-peer payments arena with the launch of Snapcash. Snapcash, created in partnership with payment service Square, allows users of the popular ephemeral photo-sharing app to add a debit card to their account and instantly send money to a friend. By simply typing the dollar sign and an amount into Snapchat's text-chat feature and then tapping the green pay button, users can now send value directly to their friend's bank account. Also read: Here's Why Square's Bitcoin Integration is a Big Deal. Snapchat Snapcash. As....
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Today we’ll bring you news of Snapchat, Paraguay and Bobby Lee. Snapchat Investing in P2P Payments with Snapcash Snapchat, a popular mobile messaging service has announced integration of a peer-to-peer payment system called Snapcash. By partnering with the payment service Square, everyone over eighteen that are located in the US, can connect their debit cards to their account and instantly send money to friends. You just have to type the dollar sign, the amount, and press the new green pay button. When money is sent, it goes directly into your friends bank account. Square has integrated....
Snapchat, a popular mobile messaging service has announced integration of a peer-to-peer payment system called Snapcash. By partnering with the payment service Square, users that are 18 or over that are located in the US can connect their debit cards to their account and instantly send money to friends by typing the dollar sign, the amount, and pressing the new green pay button. When money is sent, it is deposited directly into your friends bank account. P2p payments are growing increasingly popular. By partnering with Square, Snapchat does not need to take on the challenge of storing....
Wiper, a free messaging app that features the ability to instantly erase messages, has integrated a bitcoin wallet. The ability for users to send and receive bitcoin makes Wiper the first messaging app to integrate cryptocurrency, according to CEO Manlio Carrelli. "Payments make a lot of sense in a messenger". He points to Snapchat's integration of Square as a mobile messaging service that offers payment capability. That service, called Snapcash, requires both parties to the transaction to have an account with a financial institution such as a bank or a debit card company. Wiper, on the....
If passed, the “K.Y.C.” bill would protect the ability to act as a self-custodian and conduct peer-to-peer transactions.
The recent news of how Snapchat is valued at US$18bn has sent shockwaves through the financial world. For a company that is not monetized in a traditional way, there seems to be a lot of interest from investors. So much even that the company continues to raise cash, albeit their business model may not be very clear to most people. Most people know Snapchat as a social messaging app where messages are deleted within mere seconds of being read. But there is much more to this platform, as investors are flocking to this company for some reason. They already raised over US$1.8bn, which is not....