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The new Paypal app v2.0 is out for iPhone with a whole lot of features making money trasnfer on your finger tips, literally!

With V2.0, paypal comes in with a brand new look and feel. It has the ability to be able to bump iphones and start a transfer. Other features include withdrawing funds from your PayPal balance and an ability to get paid faster.

An interesting feature is the “Split the Check”, where you can instantly split the bill, calculate tip, and request everyone’s share as well as ask for contributions from a group for an event or a gift. The developers made sure they add the “Refer the app to a friend” link in it as well.

Well I am downloading the app right now!

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