Mobile payment apps are becoming very popular. Snapcash follows other payments apps like Venmo and Squarecash. It's interesting to see if people using Snapchat will actually use it and trust it to send cash to their friends. What do you think?
Tuesday, November 18, 2014
Snapchat Breaks in to Mobile Payments
Yesterday, Snapchat introduced Snapcash. Snapcash is powered by Square and gives Snapchat users the ability to send money to their friends very easily. Just link up your debit account, type in the dollar amount, for example $20, and send away to your friend that paid for your movie ticket last night. There's no word yet on whether the money only stays in the person's bank account for 10 seconds and then disappears like other snapchats do...
Mobile payment apps are becoming very popular. Snapcash follows other payments apps like Venmo and Squarecash. It's interesting to see if people using Snapchat will actually use it and trust it to send cash to their friends. What do you think?
Mobile payment apps are becoming very popular. Snapcash follows other payments apps like Venmo and Squarecash. It's interesting to see if people using Snapchat will actually use it and trust it to send cash to their friends. What do you think?
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Seems like a way for snapchat to make money, which they haven't done yet. However, it gets kind of sketchy. too many kids have access to snapchat, and i feel like it's going to get tied to pornography (children and adults), as well as having drunk people mindlessly spend unintentionally.
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