Is Instagram going to release Instacash now?
Introducing Snapcash
111–120 of 207 posts
Re: Introducing Snapcash
#112Meanwhile, everybody outside the US is trying to figure out how it's taken so long for easy person-to-person payments to happen there.
Here in NZ, you've been able to pay directly to someone's bank account number for free for as long as I can remember, and my bank introduced payments to mobile numbers, facebook accounts, and email addresses 3 years ago. (Oh and it's totally safe to broadcast your account number to everyone, most companies have it listed on their website. No way to pull money from it through ACH without their permission).
Re: Introducing Snapcash
#113Seems like it could be easy to accidentally send someone money.
Re: Introducing Snapcash
#114I 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.
Seems like Venmo is on a spree to win secure payments in the developed world. It has a few horses in the race:
http://techcrunch.com/2014/11/04/dasher-teams-up-with-venmo-...
At least Dasher has a solid team behind it (former director of mobile at Gilt et al). Not sure how I feel about Snapchat given their security record.
Re: Introducing Snapcash
#115I believe we in Denmark are very lucky to have one of the best banking systems in regards to keeping up with technological development.[1][2] Snapcash seems to be the first app that approaches what we've had for a while now: http://danskebank.dk/en-dk/personal/ways-to-bank/pages/mobil... [1]Except for Japan and all their NFC stuff... [2] http://en.wikipedia.org/wiki/NemID has been WILDLY debated though.
Germany – and the whole SEPA (Eurozone + Denmark + Sweden + Norway + Britain + Switzerland) uses the same system.
It’s so fucking convenient to just open the app, enter either the bank account number or just select a contact from a list and be able to send money instantly.
Re: Introducing Snapcash
#116A slight off topic, but how the fact that Apple Pay does not accept payments slipped thru?
I mean possibility of using iPad as POS is huge. I guess they will introduce it with iOS 9.
Re: Introducing Snapcash
#117The first thing people should think of when talking about anything Snapchat does is "How is this going to be used to abuse underage girls?" They've built the company on that so far, no reason to think this won't be used (and tacitly allowed by Snapchat) for the same.
This makes no sense to me. 1) why are you singling out girls? 2) I was under the impression most of the minors sharing lewd photos on snapchat were sharing them with other minors. Sexuality in adolescents is pretty normal and healthy from my own experience and what I've read. The medium is fresh but afaik the behavior isn't. Therefore, I think "abuse" is hardly the appropriate word. If you're insinuating that predato…
Abuse from peers and the community at large for sending nudes is heaped on girls vastly more than boys. I singled out girls for that reason although boys have certainly be subject to harassment. I absolutely think it's abuse for groups of boys targeting girls to "collect" their nudes for sharing and girls to take the pictures of other girls for use as bullying / shaming fodder.
Snapchat encouraged the idea that nobody but the receiver could ever see your photos, even though they knew this wasn't true. This takes perfectly normal sexual experimentation and turns it into a bullying service which they have done nothing about. Yes, it's the users' behavior but when a company aims at a young audience and then doesn't seem to care about their safety that it turns into something they're responsible for.
Re: Introducing Snapcash
#118Paid for porn industry will carve out a niche - probably disrupt entire industry. Other users wont touch it. Guaranteed revenue for snapchat though.
Disrupt which industry, actual porn? Yea that's not going to happen especially since porn is technically illegal most places outside of cali.
Re: Introducing Snapcash
#119The music industry could really use this. Stream your music to an application, user likes the song, taps a button, you get 5 moneys, the user gets the song on their device.
Re: Introducing Snapcash
#120Hopefully they require a password or a PIN each time you send a message with cash in it. Otherwise anybody could steal money from you as long as they can get into your phone and open snapchat.
Square uses the CVC number on the back of the card as a pin for this currently. It's not the most secure way to handle it imo, but it does stop the general user from picking up a phone and stealing all their money from snapchat (if this feature carries over to snapcash).
Strange, why not just have the user choose a password or a typical 4-digit pin? This would still be way more secure than using the CVC number.