Paypal has launched a mobile application that runs on the Bump API, allowing for exchange of money through a physical phone-to-phone interaction.

Paypal has launched a mobile application that runs on the Bump API, allowing for exchange of money through a physical phone-to-phone interaction. Like the Bump contact exchange interaction, users are able to transfer information by bumping their fists together with phones in hand. The application includes tax, tip and check calculating features, making transfer of money in split-check situations easier for all involved.

[via Fast Company]

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