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Snapchat will shut down peer-to-peer payment service Snapcash: Here's why

Snapcash which started as a way of splitting bills among friends ended up being used as a way of exchanging private content, and now parent Snapchat wants to put it to rest. Four years after launching the peer-to-peer payment service, Snapcash will be shutting down on August 30, TechCrunch reported. Snapcash was the first product Snapchat built in partnership with another company called Square. 

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Snapcash which started as a way of splitting bills among friends ended up being used as a way of exchanging private content, and now parent Snapchat wants to put it to rest. Four years after launching the peer-to-peer payment service, Snapcash will be shutting down on August 30, TechCrunch reported. Snapcash was the first product Snapchat built in partnership with another company called Square. 

If you are an avid Snapchat user, you might soon be able to use it to shop at Amazon. An app researcher has discovered a code indicating a Camera Search or Visual Search feature.
As the name suggests, the feature would allow you to scan objects and barcodes to show you results from Amazon, Engadget reported.

It is not clear as to when the feature will officially roll out, but when it does, it would seek to place Snapchat more than just a platform for sharing messaging and possibly get the service a cut from the purchases. 

Taking photographs for Instagram or Snapchat to document and remember a memorable experience may be counterproductive, say scientists who found that the act of clicking pictures impairs people's memories of the event.

Researchers compared how well participants remembered the paintings following three scenarios: when they just looked at the images; when they looked and took pictures using a camera phone; and when they took pictures using Snapchat. The picture-takers consistently scored worse - by as much as 20 per cent - on multiple choice tests about what they had seen. 

Soares thought that the result could be chalked up to the phenomenon known as "cognitive off-loading" - that is, not remembering as well because you know the camera is there to remember for you. Even people who took pictures using Snapchat - in which images last only 10 seconds - remembered less. People who were asked to take a picture and then delete the image, also did worse.

With inputs from ANI

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