Tuesday November 18, 2014

Snapchat Now Lets You Send Money Too

By a show of hands, how many of you would use Snapchat to send money?

Messaging services are an obvious way to handle peer-to-peer payments, though Snapchat CEO Evan Spiegel told Recode that he doesn’t see his company competing with the likes of PayPal or Venmo in the suddenly red-hot payments market. At least for the moment, it doesn’t look like Snapchat is charging a fee to use what it calls Snapcash.

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