I know many people may be blogging and reporting on this
already, but I had to put my two cents in (no pun intended). Snapchat has partnered
with Square Cash to release “Snapcash” as an added feature to the popular app.
According to Tech Crunch, Snapcash allows someone to add a debit
card to their account and instantly send money to another.
Basically all the user of the app has to do is create an
account with Square Cash and then use the text chat feature by texting friends the amount
desired using the “$." Snapchat reportedly wants to eventually use this
feature for ecommerce. Companies would advertise products through a Snapchat video and
you could instantly purchase it through the app.
Snapcash may sound innovative and great to some, but I have
so many concerns with it. For starters, Snapchat has a history of violating privacy,
so why would anyone trust them with their money? Also, this feature is not new.
Venmo and Google Wallet are two similar apps, which are proven to be
trustworthly and accurate. Why wouldn’t someone just download those apps
instead of bothering with Snapchat?
I guess this new feature has not yet sold me. Are you sold
on using Snapcash?
Check out the video announcing Snapcash
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