PayPal iPhone app racks up 1m downloads

PayPal has announced that its PayPal Mobile iPhone app has been downloaded more than one million times since its release in mid-March.
The app lets people transfer money from their PayPal account, while also splitting restaurant bills, collecting money for events and donating to charities.
It also uses the Bump API, allowing people to transfer money by bumping their iPhones together.
"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.
It'll be interesting to see how much money is being transferred using the app - hopefully PayPal will release that kind of stat later in the year, once the app has been out for a few months.

http://www.mobile-ent.biz/news/36665...p-1m-downloads