Released only three weeks ago for the iPhone and already one million downloads - an impressive amount for the app in question, which is none other than PayPal. "One million downloads shows just how ready people are to live a cashless and card-free culture with their wallet living safely in the cloud," says PayPal's VP of platform and emerging technology Osama Bedier. Osama and his buddies are likely racking the bucks as iPhone users everywhere are using PayPal to make impulse purchases and drive themselves further into the poor house. PayPal mobile comes with a few more bells and whistles, such as transferring money to another iPhone user by bumping iPhones together. (How kinky)
PayPal is the leading online money transfer service in the world. The company is often plagued by poor customer service and draconian money dispute procedures. This ideology has allowed other similar services to make some headway in the market.
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