PayPal to use NFC for peer-to-peer payments

PayPalPayPal yesterday announced a new feature that will let users make device-to-device payments using NFC. It is currently limited to Android devices with an NFC chip. That leaves on the Google Nexus S today but more devices are expected to come with NFC support soon. Payments are easily made by simply tapping two devices together as the video below demonstrates:

PayPal indicated that this feature will be out in late summer.

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