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Snapchat Teams Up With Square to Offer Money-Transfer Feature

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Snapchat Inc., developer of a mobile application for sending disappearing photos, is teaming up with payments company Square Inc. so that users can send cash to each other.

Snapchat, which recently received an investment from Yahoo! Inc. that values the startup at $10 billion, will make the new feature, called Snapcash, available for users who are 18 or older with a debit card, it said in a blog post yesterday.