As reported earlier this week, Instagram has now added video. Earlier today at Facebook's media event, Instagram’s co-founder and CEO Kevin Systrom debuted the new feature named simply, “Video on Instragram".
This update allows the now 130 million monthly active users to create 15 second videos that can be shared on the social media service. The update includes standard editing capabilities as well as 13 new, video-specific filters. The app update is already out, so go have at it!