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Introducing Snapcash

blog.snapchat.com

21–30 of 207 posts

Re: Introducing Snapcash

#21
Maybe I'm crazy (and admittedly a little old) but I like the separation of my social and financial software "zones". I know there are tremendous reasons to incorporate this directly into a social product but I just can't shake that feeling.

Am I alone in this or does everyone here on HN embrace this with arms wide open for actual use (vs experimenting or playing around with new products)?

Re: Introducing Snapcash

#22
I think the primary challenge is convincing users that it's secure. Snapchat has a relatively poor reputation in security (whether that's deserved or not), and everyone I know just uses Venmo. Venmo has Facebook integration, so if you're Facebook friends, it's really easy to send money.

It seems like integrating into a platform that's supposed to be ethereal is a weird fit, but who knows -- maybe it'll catch on.

Re: Introducing Snapcash

#25
50% of snapchat users are under 18 [1]. which this video seems to clearly target (production style is fun, quirky, light hearted, even the actors are young). Yet they require a debit card and the use to be 18+. I guess they are hoping their young users stick with it for a few more years.

[1] http://www.statista.com/statistics/315398/snapchat-user-age-...

Re: Introducing Snapcash

#26

I think the primary challenge is convincing users that it's secure. Snapchat has a relatively poor reputation in security (whether that's deserved or not), and everyone I know just uses Venmo. Venmo has Facebook integration, so if you're Facebook friends, it's really easy to send money. It seems like integrating into a platform that's supposed to be ethereal is a weird fit, but who knows -- maybe it'll catch on.

I disagree. The primary users of Snapchat aren't worried about security.

Re: Introducing Snapcash

#27

Seems like this might impose on Clinkle quite a bit? Who is going to download clinkle when they can do the same thing from snapchat? Seems neat to me, and pretty unexpected. One scary thing is just how bad a lot of passwords are for mobile applications. I'm sure it is even easier to brute force passwords on mobile and send a snapcash to yourself

People are already using Venmo. Nobody is going to switch to Snapcash or Clinkle.

Re: Introducing Snapcash

#28

Maybe I'm crazy (and admittedly a little old) but I like the separation of my social and financial software "zones". I know there are tremendous reasons to incorporate this directly into a social product but I just can't shake that feeling. Am I alone in this or does everyone here on HN embrace this with arms wide open for actual use (vs experimenting or playing around with new products)?

I don't think people who desire this separation are the target audience of this update. It seems to be a pretty solid business move for both parties. Snapchat has a feature that is (at least in my experience) commonly used between friends just like their app is, and Square continues to build it's user base and trust as a mobile payment system. Win-win.

I've been using square cash for a while and I've been quite pleased with it. Now, assuming I can use square cash to send money to people with Snapcash, it'll be even easier to convince others to adopt this payment method, making it even more useful.

Re: Introducing Snapcash

#29
post #25

50% of snapchat users are under 18 [1]. which this video seems to clearly target (production style is fun, quirky, light hearted, even the actors are young). Yet they require a debit card and the use to be 18+. I guess they are hoping their young users stick with it for a few more years. [1] http://www.statista.com/statistics/315398/snapchat-user-age-...

Before Facebook was open to everybody, it was "cool" when you got your college email early and could sign up for Facebook.

Re: Introducing Snapcash

#30

I think the primary challenge is convincing users that it's secure. Snapchat has a relatively poor reputation in security (whether that's deserved or not), and everyone I know just uses Venmo. Venmo has Facebook integration, so if you're Facebook friends, it's really easy to send money. It seems like integrating into a platform that's supposed to be ethereal is a weird fit, but who knows -- maybe it'll catch on.

I disagree. The primary users of Snapchat aren't worried about security.

Even with their money?
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