Snapcash

Snapchat unveiled a new service in partnership with Square that allows users to transfer funds to friends.

Snapchat’s New Snapcash Service Allows Users To Send Money To Friends

Over the last year Snapchat has evolved from a system that allows users to communicate through photos that self-destruct after 10 seconds, to a full on chat messaging system that flashed pictures and videos for 10 seconds at a time. Now the social sharing app, which has been the target of numerous security hacks, is offering a new service: Payment transfers between users’ bank accounts. [More]