We all use digital payments on our tablets, ebay and to shop online however sending money to each other has been a headache specially over mobile will Snapchat change everything well the people in the know seem to think so.
With over 100 million users and counting is Paypals crown going to be taken I think so and so do many other people in the tech industry.
NEW YORK (MarketWatch) — When Snapchat unveiled a peer-to-peer payments service on Monday, your first thought might have been: Why would I want to send money through an app best known for being a conduit for sexually explicit messages?
It’s a fair question — personal finance is usually a pretty serious matter.
Yet, privately-held Snapchat, which made its name with vanishing 10-second picture and video messages, launched a payment product called Snapcash on Monday, saying payments should be “faster and more fun.”
Snapchat, which was valued at an eye-popping $10 billion in a recent funding round, is betting millennial and younger generations agree, and that use of the service spreads rapidly through their group of friends.