PayPal on Monday announced new technology that aims to make paying for goods as simple as walking into a store. Specifically, PayPal Beacon is a contactless payment system that uses Bluetooth Low Energy to connect with customer handsets to send offers and complete transactions. The mobile wallet-like payment system lets consumers pay for purchases hands-free, often without standing in line or waiting. Retailers start by plugging a PayPal Beacon device into a power outlet in their store.
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PayPal Lights Beacon for Hands-Free Payments