Snapchat to enable money transfers

For the few who aren’t updated, Snapchat is a popular picture- and video-sending platform, whose prime feature any sent media gets deleted immediately after it is viewed, and the sender gets notified in case a screen-shot is taken of his sent media.

Now, it seems Snapchat wants to extend its services beyond simple media-exchanging, and add another dimension which will enable users to transfer money between themselves.

Snapchat’s apparent course of action was discovered thanks to a patent filling it made. The patent reveals the popular platform wishes to feature P2P money transfers, online payments and money transfers. Here’s a summary of the filings:

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)

It is yet unclear as to how exactly Snapchat will manage this money transfers, but expect to get more details concerning the matter in the near future.