Snap's one-time hope of becoming a major player in money transfers has come to an ignominious end. The company has confirmed to TechCrunch that it's discontinuing its Snapcash service on August 30th. While it didn't say what would happen to users' accounts, it promised that they'd receive notifications through both the Snapchat app itself as well as the support website. It's sad news if you're a frequent Snapchatter who used the feature to cover your share of restaurant bills, but you could see this coming given the competition and Snap's own fortunes.
Source: TechCrunch
Snapchat ends its peer-to-peer payment service on August 30th posted first on https://www.engadget.com
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