Speed Reads

oh snap

You can now send money through Snapchat

Too busy taking the perfect selfie to hop on Venmo and pay back your friend for last night's round of drinks? Never fear, Snapchat fiends. Now you can exchange money without ever leaving the app.

Snapchat, along with payments company Square, rolled out Snapcash on Monday, a tool that lets users send and receive money, Snapchat CEO Evan Spiegel told Re/code.

When you include a dollar amount in a private message, a payment button will pop up next to your keyboard. For now, only U.S. users 18 and over can fork over money to their buddies, and only with a Visa or MasterCard debit card. All personal financial information will be stored on Square, not Snapchat — which is definitely a plus, considering Snapchat's troubling security history.