Snapchat has partnered with Square Cash to launch Snapcash, a new feature of the popular social messaging app that allows users to send cash to others. Essentially Square stores the details of a user’s debit card securely, and pressing a green button sends cash to anyone else with a filed debit card’s bank account.
The product you’re seeing today is fast, fun, and incredibly simple. After you enter your debit card, it’s securely stored by Square, who will swiftly process your payment and send cash directly to your friend’s bank account. Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button.