With Snapcash, instantly transfer large sums of money through a trusted network with no paper trail. Whether you are liquidating your Swiss bank account or funding a deal, Snapcash is here to help.
Banks institute a waiting period for large deposits. The IRS instates up to a 40% gift tax on transfers over $14,000. Snapcash distributes bank transfers through your network of friends, creating smaller transactions that are then funneled to the recipient without delay.
Snapcash performs real-time fee optimization across different payment providers, ensuring the lowest possible overhead.
http://techcrunch.com/video/snapcash-presents-at-techcrunch-disrupt-hackathon/518403993/
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