Snapchat today revealed a collaboration with Square for a new “Snapcash” feature that permits Snapchat users to swiftly send money to each other utilizing Snapchat’s integrated conversation feature.

After getting in a debit card number, which is saved securely by Square, Snapchat users can swipe right into conversation, type a buck indicator, enter a settlement quantity, and hit the button to send out cash promptly.

Snapcash functions likewise to Square’s very own Square Cash feature, which permits people to send cash money by means of email, and due to the fact that Square takes care of every one of the payment info, it’s as secure as the business’s other repayment alternatives.

We set out to pay much faster and a lot more enjoyable, however we also recognize that security is vital when you’re managing cash. Square has a lot of encounter in this area as well as our groups have been hard at the workplace to make Snapcash a wonderful encounter for everyone.Snapcash is currently limited to Snapchat users in the United States that have a debit card and are 18 years of age or older.

The Snapcash attribute will be included in the Snapchat application in an update coming later on today. Snapchat could be downloaded from the App Store totally free.

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