Snapchat just announced a new partnership with Square and a new mobile payment system that's being called 'Snapcash.'
Now, when a user signs up for a Snapchat account, an account with Square is also created and linked to a debit account. To transfer money, it's as simple as typing in a dollar sign and hitting the green dollar sign button to send—just like a photo on Snapchat, your funds will disappear. For now, this feature is only available to those in the United States who hold a debit card and are above the age of 18. If you need to quickly borrow cash from a friend, or pay someone back in a hurry, this is a great way to make transactions happen as quickly and as easily as possible, especially since it all happens from within a chat.