Snapchats latest update adds SnapCash,which is a money transfer service that allows users to quickly send money to one another by simply sending a message. SnapCash is a project between Snapchat and Square, this uses the SquareCash concept. SquareCash allows users to send money via email, text message and Bluetooth. SnapCash can be accessed within the Chat feature. Just enter a $ sign and then a numeric value to indicate that you are sending cash directly from your bank account.