Post
Topic
Board Bitcoin Discussion
Topic OP
P2P PayPal payments
by
alkor
on 14/07/2011, 11:42:02 UTC
Apparently PayPal is going to enable "p2p" payments between two android phones through the emerging near field communication technology. Of course, this is not a true p2p technology, as at some point the transaction has to go though PayPal's central clearing house, but it is interesting that they are putting a "p2p" spin to it. One wonders whether the emergence and success of bitcoin has anything to do with that?

Source:
http://arstechnica.com/gadgets/news/2011/07/paypal-debuts-peer-to-peer-payments-on-smartphones-via-nfcp2p-paypal-payments-coming-via-nfc-capable-phones.ars