Bump: The PayPal's new iPhone application

Paypal bump

Paypal invented a new way to pay someone with your phone. This micro-payment application is right now for the iphone for free. The Bump technologies makes connecting as simple as bumping two phones together. Just watch this Paypal video for more information:

Payments are free from a bank or PayPal account, and there are varying fees if the payer uses a credit card.
Just Awesome!