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Introducing Snapcash

blog.snapchat.com

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Re: Introducing Snapcash

#201

Post by seestheday »

barnaby wrote: post #136
softdev12 wrote: post #126

Earlier quoted context omitted.

the global issue, in theory, is easily solved with a cryptocurrency like bitcoin. if bitcoin could ever get a better user experience (don't have to go through the pain of setting up a wallet, etc.), these type of services would be much less attractive.

Agreed. Going from a NZ bank to another country's bank isn't that simple anymore. Using an international currency makes it equally simple anywhere in the world. Bitcoin already has a better user experience than banks. Just give it another year or two, to the point where bitcoin will be invisible to users the same way that Linux is invisible (yet, the world runs on it). These services will be rewritten with bitcoin un…

I think you're radically underestimating the entrenched interests that are at play here.

Re: Introducing Snapcash

#202

Post by seestheday »

kungfooguru wrote: post #170
adventured wrote: post #148

Earlier quoted context omitted.

It's primarily a regulatory problem with how the US financial system is set up and overseen by the Federal Government. It's a hyper regulated industry. Trying to do anything even slightly different in the world of moving money, banking, finance etc is simply a nightmare. Payment innovation would have been drastically faster, were it not for the obscene regulations that are in place at both the Federal and State level…

So Europeans have better credit cards than us because they have less regulations? And New Zealanders have easy peer to peer transfers because of what less regulations? And all of this could be more easily done by getting rid of banks except for a single federal bank.

I'm not sure if you're being sarcastic or not, but there are thousands of banks in the US [1]. Getting rid of all of them except for a single federal bank is a gargantuan task.

1. http://online.wsj.com/articles/SB100014240527023045794045792...

Re: Introducing Snapcash

#203

Post by mgkimsal »

tomp wrote: post #189
mgkimsal wrote: post #180

Earlier quoted context omitted.

it's not the people carrying a balance that pay for that - it's the merchants. it's an extra fee added on to the credit card fee that a merchant can't predict nor can they avoid. As a merchant, I charged people, say... $10 for something. The fee might be 2.9%, but if it was 'rewards card' (which I can't tell ahead of time) the charge would show up as 4%. The cost is passed on to every in the form of higher prices. Th…

Hm... I wonder who gets the extra 0.1%.

Hrm.... indeed.

It's different. I've had some cards charge me > 4% - one was... 5% IIRC. I think it was an Amex.

Re: Introducing Snapcash

#205

Post by no_future »

otterley wrote: post #31

Underage nudity and quick cash sending? What could possibly go wrong?

How old are you geezers? Do any of you actually use Snapchat/know people who use it? If you did you would know that nobody actually uses it to send nudes because if people get nude photos they would actually like to keep them because surprise surprise - there isn't much you can get done in 10 seconds. The whole sexting thing is a load of drivel concocted by the media because like any good story, it strikes fear into the heart of middle america.

The actual reason it got popular, which a lot of other people in this thread have mentioned as well, is because it was much faster than MMS because the photos were low quality(and at the time I don't think Apple had introduced iMessage), and the photos didn't stick around on your phone after they'd been sent, so it was perfect for sending silly/mundane things that don't need to be preserved.

Re: Introducing Snapcash

#206

Post by MrJagil »

Systemic33 wrote: post #106
MrJagil wrote: post #84

I 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.

Ye, MobilePay is pretty solid among people in Denmark, and there's even the competitor (competitor is a nice word, considering i've never heard of anyone with it) Swipp.

Yeah, just saw my first Swipp combercial the other day. Reminded me of http://currentc.com/ (i.e. bullshit).

Re: Introducing Snapcash

#207

Post by MrJagil »

Systemic33 wrote: post #105
MrJagil wrote: post #103

Earlier quoted context omitted.

nemID uses Java as well and it's hell. Mobile Pay is lovely, though. Even my local Candy Shop accepts it.

JS coming in the next couple of months. They are rolling it out gradually. (EDIT: NemID, JS-version that is)

Source? (just curious, wanna read more)
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