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The SnapeShat platform has confirmed its intention to release mobile payments by closing the Snapcash electronic payment service by applying it in August 30 nearly four years after its launch in partnership with Squire
The company confirmed this news after discovering Ishan Agarwal one of the coder codes that is contained in the code of the application Snape Chat on the Android system indicates that Snape service Cash will not be available yet, no date.
"Snapcash will not be available after% s [date]".
Snape Cash has emerged as a complement to facilitate the payment service but is now more responsible because with a little search on Twitter on Snape Cash, some users have used the service to request money transfer to share sexual content and nude pictures. Therefore, it may be safer to ignore the Snape Cash service because of the risks of misuse. There will be many other ways to pay via the platform using such applications. Venmo Venmo or Zelle Square Cash.
TechCrunch: "Yes, we will stop using the feature As of August 30, 2018, this service was the first product created in partnership with another company – Square – and we are grateful to all who used the service over the past four years and our partnership with Squire. "
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Square also issued a firm statement : "His partnership with SnapShat will end at the end of next month, and it will work On the existing" Square Cash "app, with over 7 million monthly customers" Square Cash will continue to grow and we will continue to develop new features to meet the financial needs of our customers while expanding the financial reach for all. "
The Snape Chat service allows users to connect payment methods applications become an e-commerce platform where you can shop without leaving the application. With payment information in your personal account, buying things via Snape is easier than the web and encourages brands to use SnapeShat as a payment method in their stores.
In the coming days, Snape will develop its commercial strategy without Snap Cash
It should be noted that earlier this month the news revealed that the code for the application of Snape Chat contains references to a project named eagle a feature that uses the camera to allow users to direct its own Snape camera The Snape Chat feature can offer new service and monetization options.
Snape Chat recently tried to increase revenue and user growth by adding a new design that makes the application more user-friendly and the second generation of shows
However, the company appears to suffer many losses as a result of cost reduction efforts, including layoffs and its urgent need to attract and retain for-profit advertisers, and therefore can not afford other functions than necessary
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