Snapchat Peer-to-Peer payment service "Snapcash" will be closed on August 30

Snapchat Photo Messaging App Ends Its Peer-to-Peer Digital Payment Service "Snapcash & # 39; August 30, ending his four-year partnership with the US mobile payment company Square

"Yes, we Snapcash is our first product created in partnership with another company – Square – We are grateful for all the Snapchatters who have used Snapcash over the last four years and for Square's partnership, "TechCrunch quoted a Snapchat spokesperson as saying late Sunday

Snapcash was using the regular number, the expiration date and the value of Card Verification (CVV) of a debit card, allowing Snapchatters to shop, send and receive money without having to exit app. The feature, however, did not allow the cancellation of payments once the process was completed.

The digital payment function was integrated with Snapchat in 2014 in partnership with Square, which managed payment processing.

The purpose of the feature was purely for the convenience of the user, it was operated by users who offered adult content in exchange for payments via Snapcash. The abuse could have caused Snapchat serious legal and public relations issues.

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