Instagram just announced that it has updated its iOS and Android applications to version 3.0, which includes a ton of new features. The largest tweak is a brand new "Photo Maps" option that allows you to view all of your geotagged photos on a map. Better yet, you can share your map, and view other maps that have been shared with you. If you took a cross country road trip, for example, you could snap photos along the way and your friends could see your progress through photos. We love the idea.

Instagram also updated the user profiles with a new look, which provides the option to view photos in a list or thumbnail view, the new photo map option, an explore tab and hastags. The upload screen has also been updated with a new "add to your photo map" option, the ability to name the location and a new larger text box for captions. Instagram has removed the "load more" button at the end of a gallery and will instead now infinitely load additional photos.

The social network, which is currently in the process of being acquired by Facebook for $1 billion, also said that it added speed improvements and the ability to report abusive comments and spam.

Oddly enough, we don't see an update yet from Google Play on our Android devices, but we can't wait to check it out.

[via Instagram]