At least, that’s what lucky American Snapchat users will be able to do. On Monday, Snapchat announced a partnership with Square called “Snapcash”, allowing users to instantaneously wire money to their friends’ bank accounts through the photo-sharing app. All you need to do is type a dollar amount (ex. $25.50) into the messaging box, and a green button will appear to send the money over.

They released this super fun video to introduce the service: 

http://youtu.be/kBwjxBmMszQ

After watching the video a couple of times (I couldn’t help myself, the song was way too catchy), here are a couple of thoughts running through my head:

Will it be safe?

There has always been concern with images and videos on Snapchat getting hacked. Turns out, Snapchat will not be storing any financial information in their databases – Square, having had had much more experience with handling people’s bank accounts, will be dealing with all the transactions. Snapchat will power the communication. *Cue sigh of relief*

Why doesn’t Canada get any of the fun stuff?

The US already has Venmo, another easy money-transfer app. I want to make it rain pixel money too! Fingers crossed that this feature will be rolled out to Canada and around the world. Of course, there could be complications with currency conversions if the transaction is between two people from different countries, but we’ll leave Snapchat and Square to work out the kinks there.