The Los Angeles based Snapchat, which enable users to send pictures that disappear automatically, in a given set of time, is making a gigantic move towards expansion. Having a total worth of 10 Billion, Snapchat is threatening other web based companies like Facebook and Twitter for a much greater future. Recently, there have been reports on the expansion plan of Snapchat which might include a Payment service for its users, enabling them to make online transactions and much more. Do jump ahead for more details.
According to the trademarks file findings this weekend, Snapchat might be expected to launch its own mobile payment service which will allow users to pay money via the Snapchat account. Documents revealed that the transient chatting host is looking forward for peer-to-peer transactions, payments as well as online purchases.
“Computer application software for processing electronic payments to and from others that may be downloaded from a global computer network” (Trademark Serial # 86335306)
‘’Electronic transfer of money for others; providing electronic processing of electronic funds transfer, ACH, credit card, debit card, electronic check and electronic, mobile and online payments’’ (Trademark Serial # 86335307)
Like the idea of Snapchat offering a payment service? Would you use such a service? Do you want to see a money exchanging medium between friends? Do let us know your insights in the comments section and we'll keep you updated in the meanwhile.
About the author: Ali Salman is a technology reporter for Wccftech mobile section with a specialized focus on Apple and the intellectual property that drives mobile innovation. He has cultivated a unique expertise in analyzing and deconstructing complex technology patents, translating dense legal and technical documents into clear, insightful reports on future products.
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