Snappay? Snapchat may try to monetize by processing peer-to-peer payments, money transfers, or online payments, according to twotrademarks 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. [Update: Snapchat declined to comment.]
Laugh it up all you want about Snapchat making your money disappear, this could be serious business.
Specifically, the two trademarks are for:
- “Computer application software for processing electronic payments to and from others that may be downloaded from a global computer network” – Trademark Serial # 86335306
- “Electronic transfer of money for others; providing electronic processing of electronic funds transfer…
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