Snapchat May Soon Be Getting Into the Mobile Payments Business

Snapchat

Snappay? Snapchat may try to monetize by processing peer-to-peer payments, money transfers, or online payments, according to two trademarks it filed earlier this week. Owned by Snapchat and filed on July 11th by an attorney at Cooley, which is known to be Snapchat’s law firm, the trademarks could keep anyone else from entering the same space under the Snapchat name. After being tipped off to the trademarks by a source, I’ve contacted Snapchat and am awaiting a response regarding what exactly these trademarks are about. Laugh it up all you want about Snapchat making your money disappear, this could be serious business.

Read the full story at TechCrunch.

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