First David Marcus (Zong, PayPal) moves to run Facebook's messaging platform and now this.. Speculation had been that Snapchat's route to monetization was focused around advertising, in-app purchases of virtual goods, and sponsorships from brands for promoting live events. These trademarks paint a different picture.
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, ACH, credit card, debit card, electronic check and electronic, mobile and online payments” - Trademark Serial # 86335307