Instagram introduces Hyperlapse video app that produces time-lapse photography

No account is required to sign in, and creating a time-lapse video requires nothing more than a single tap to capture video. Afterwards, you can upload your video to Facebook and Instagram, or save it to the camera roll on your device..
Instagram Hyperlapse is a free download, and is available for iOS devices only, from the Apple App Store. No word yet from Instagram about versions of the app for Android or Windows Phone.
Instagram Hyperlapse
source: InstagramHyperlapse, Instagram via MacRumors
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