Underage nudity and quick cash sending? What could possibly go wrong?
Introducing Snapcash
31–40 of 207 posts
Re: Introducing Snapcash
#32I 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.
Even if the users of snapchat were particularly concerned with the security of this feature, they alleviated that concern in the post by stating that all of the financial security will be handled by Square which is building it's reputation of security in mobile payments.
Re: Introducing Snapcash
#33Seems 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.
But Venmo hasn't won. Outside the Valley, I don't know anyone who uses it. (although, mostly the same with SquareCash)
Re: Introducing Snapcash
#34Maybe 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)?
But what about social financial software?
Don't get me wrong, I don't want my online banking in Snapchat. But sending money to friends is a very different action - it's inherently public, for one.
Re: Introducing Snapcash
#35so now people can pay for sexting/nudes, actually sounds like a good use case
I predict that use and paying a local drug dealer will be the primary use in the demographic they go for.
I can't imagine any drug dealer would want to put their transactions into a bank account, at least if they sell anything more than casually.
Re: Introducing Snapcash
#36I use a lot of different methods to send money to friends. Venmo is by far the easiest, but I still commonly have to ask people to sign up for Venmo.
Snapchat has tons of users. If this is just a new feature built-in, it's pretty easy to tell someone to link their debit card vs. signing up for Venmo and linking their bank account. Plus, the ability to send friends money w/ a picture attachment is kind of fun I guess.
Re: Introducing Snapcash
#37Facebook + Paypal vs. Snapchat + Square. That's a pretty fair fight.
I think Facebook + Paypal has huge advantages, so I can't tell if you are being sarcastic or not.
Re: Introducing Snapcash
#38Underage nudity and quick cash sending? What could possibly go wrong?
....Because that's not possible today with current technology?
edit: I seriously don't understand how you immediately jump to that being the new functionality when sending payments today is as simple as logging into paypal or any numerous other payments sites.... Not to mention the age requirement of 18? This comment is just fear mongering.
Re: Introducing Snapcash
#39Earlier quoted context omitted.
People are already using Venmo. Nobody is going to switch to Snapcash or Clinkle.
But Venmo hasn't won. Outside the Valley, I don't know anyone who uses it. (although, mostly the same with SquareCash)
Agreed. Most people I know use Chase QuickPay, of all things.
Re: Introducing Snapcash
#40Maybe 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)?
But what about social financial software? Don't get me wrong, I don't want my online banking in Snapchat. But sending money to friends is a very different action - it's inherently public, for one.
Public? It is a private transaction between two parties. This is why I don't understand Venmo's interface that tells me about transactions that I'm not involved in. I always set my payments to private, admittedly it does make for an interesting feed to browse for those who transact publicly.