Asked by Ashley Eggleston on May 11, 2024
Verified
Snapcash is a successful peer-to-peer payment competitor with Venmo and PayPal.
Snapcash
A digital payment service that allows users to transfer money through the Snapchat app, discontinued as of its service end.
Venmo
A digital wallet service that allows users to send and receive money electronically.
PayPal
A global financial service providing safe and convenient options for sending and receiving money online.
- Learn the basics of social computing platforms, emphasizing their mechanisms for engaging users and enabling e-commerce transactions.
Verified Answer
DT
Demiana TalaatMay 14, 2024
Final Answer :
False
Explanation :
Snapcash was discontinued in 2018 due to its inability to become a significant competitor in the peer-to-peer payment market against services like Venmo and PayPal.
Learning Objectives
- Learn the basics of social computing platforms, emphasizing their mechanisms for engaging users and enabling e-commerce transactions.