TechCrunch: Snapchat will shut down Snapcash, forfeiting to Venmo

TechCrunch:
Snapchat will shut down Snapcash, forfeiting to Venmo
. “Snapcash ended up a way to pay adult performers for private content over Snapchat, not just a way to pay your friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a ‘Snapcash deprecation message’ that displays ‘Snapcash will no longer be available after %s [date]’. Shutting down the feature would bring an end to Snapchat’s four-year partnership with Square to power the feature for sending people money.”

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