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?