Snapchat and Square have found a way to send money to your friends at the touch of a button. The new feature is called Snapcash and it can change how millennial users transfer money. It’s easy – after entering your banking info into the app, users can wire money from their accounts to their friends instantly. Snapchat made the official announcement via a blog post:
We set out to make payments faster and more fun, but we also know that security is essential when you’re dealing with money. Square has a ton of experience in this area and our teams have been hard at work to make Snapcash a great experience for everyone.
For now, Snapcash is only available to users in the United States who have a debit card and are 18 years of age or older.