This is a great bit of news… The latest update to the paypal iphone app will now include a ‘Bump to Pay’ feature.
For those who don’t know ‘Bump’ allowed you to swap photos, contact info and more just by putting two phones next to each other. Bump was also the 1 billionth app downloaded (downloaded by Connor Mulcahey, age 13, of Weston USA)
But I digress… Now paypal app users will be able to add the amount to pay into there iphone and bump the person who they owe. The funds are transferred and viola!
Could this be the end of money, credit cards and cheques… or is it just another gimmic which will die a death…