Snapcash may have been more of a liability than a utility. It’s a crowded market for peer-to-peer payment tools, plus a Twitter search for “Snapcash” suggests that it was often used to pay for erotic content — so there were some PR risks for the company.
The payment platform, which Snapchat created in partnership with Square, will shut down end August.
Excerpt taken from TechCrunch.
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