PayPal has just launched a totally revamped version of their iOS app with a ton of new features. Chief among them is the ability to check into stores from your phone, make purchases before you even get there, and open a line of credit through their Bill Me Later service. A new Store tab lets you browse local deals, while loyalty cards can be scanned in and included in purchases. There's a lot going on in this release, and the new features are really quite dramatic.

We're still a ways off from a future where we ubiquitously pay for stuff with our phone, but PayPal's happy to spearhead the effort. How would you guys like to see Apple support these kinds of transactions?

Source: PayPal