Image: Simple

Online Bank Simple Wants You To Drop Your Money (Kinda)

on Thursday, Oct. 10th

What does the future of banking and cash-free transactions look like?

This is the question that the players in the mobile payments space are trying to answer from Square to PayPal and beyond. Amazon just jumped into the online portion of the payment battle, and more would-be wallet dominators enter the arena like clockwork.

Online bank Simple has just put forth what they think the future looks like: a feature called Money Drop for users of its mobile app. The feature scans for other users of Simple on the local network and allows for direct, fee-free money transfers.

Hello cash-free society.

Simple is still invite-only.

Follow Noah Nelson on Twitter (@noahjnelson)

H/T: TUAW

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