Image: Rentalic, which lets people rent stuff to each other with security deposits and blackout dates for when owners wants to use their items, claimed top honors in the PayPal X Developer Challenge.From Epicenter:
PayPal has spent nearly a decade mainly as the payment-fulfillment arm of its parent company, eBay. But with the explosion of the mobile internet and the endless opportunities to leverage smartphones as personal piggy banks, the company is positioning itself — again — as the virtual wallet you can’t leave home without.
Last week it upgraded its own iPhone app to allow two people to exchange money with a fist bump. That initiative was a broadside at Twitter co-founder Jack Dorsey’s Square, a startup that makes it possible to use your smartphone to swipe credit cards.
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