Snapchat introduced its money transfer feature in November 2014, as a way to easily send money to your friends using the popular instant messaging platform. The feature was made possible thanks to Snapchat’s partnership with Square, which also stored all credit card information.

“Yes, we’re discontinuing the Snapcash feature as of August 30, 2018. Snapcash was our first product created in partnership with another company — Square. We’re thankful for all the Snapchatters who used Snapcash for the last four years and for Square’s partnership!”, says an official Snap statement published by TechCrunch.

Users will officially get an in-app notification about the service shutting down. Whether the feature didn’t really take off as expected, or the reason behind discontinuing the feature is the often quoted misuse (for adult performance) is unknown, as the company didn’t justify its decision yet.

You May Also Like

Pocketnow Daily: Samsung Galaxy S20 Ultra to be the SELFIE KING?!(video)

On today’s Pocketnow Daily, we talk about the possible 40MP selfie camera in the Samsung Galaxy S20 Ultra, Huawei P40 Pro leaks and more

Possible codenames and processors of Google Pixel 4a devices have emerged

We have the possible codenames and processors that may arrive in the upcoming Google Pixel 4a series, and maybe more Pixel devices

Samsung Galaxy S20 Ultra to arrive with a 40MP selfie camera?

Samsung Galaxy S20 Ultra may get the largest sensor ever found in a selfie camera, and 10x zoom capabilities in the S20 and S20+ is questionable