The age old question of “how do you monetize Snapchat” has finally been solved for all the SnapChat users!

The popular chat medium has now introduced Snapcash, a way to send mobile payments to friends using the image sending-then-destroying service.

As a  users, you can now send money to your friends and/or other users simply by sending them a message with $, followed by a dollar amount. The money is sent using Square Cash’s email payment system, and Snapchat says Square is helping to secure transactions.

Now with this new feature, Snapchat will be on par with existing applications like Venmo and Google Cash

Do you think this is a bold move from Snapchat? Which other social mediums will start following this trend ?

cash, digital, media, snapchat, social media