Person-to-Person Payments Using PayPal NFC App

NFC (Near Field Communications) looked like it was on the verge of exploding at the beginning of 2011. Now, halfway through the year, we’ve barely heard anything substantive about it at all. Until now…

PayPal Uses NFC to Make Peer-to-Peer Payments Easier than Ever (official PayPal Blog)

It looks like an convenient way to make cash-less personal transactions. Unfortunately, there are very few NFC capable phones (the Nexus S being one of them). And, it is not clear what the significance of tapping the two phone involved is. NFC does not require physical contact to operate.

Via TechCrunch

Video courtesy of PayPal