Snapchat launches payment system

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Snapchat has beaten Facebook to it – despite rumours that the latter was planning to build a cash-sending service into its Messenger app, Snapchat has got there first, and added the ability to send cash to your mates.

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The new service, which is currently only available in the United States is made by possible thanks to Snapchat’s partnership with payment first Square: According to the BBC, Snapchat itself won’t get its hands on users’ bank details, which should reassure over any security concerns.

Apparently the way it will work is when sending a private message, if you type an amount of cash with a dollar amount, the app will recognise what you’ve typed and then offer a button to send it in cash.

We’ve no word yet on whether your money will expire and disappear after 30 seconds along with your messages.

James O’Malley