The rumors of PayPal coming to Android as a payment option started getting heavy at the beginning of the month with the most recent word suggesting that it would go live after their developer conference this week in San Francisco.  How close are we to that happening?  Really close if you take the screenshot above to mean what we think it means.  

Has the time finally come?  Will we be able to make app purchases in the Android Market using PayPal?  According to The Street, Google and PayPal have agreed on a deal to bring the payment option to the app market as early as late October.  Rumors suggest that during the PayPal Developers Conference on October 27th, the two will come together and make the announcement.

If there is a short list of Android annoyances, the checkout process for the market is developer on it.  How big of announcement would this be?

Via:  The Street

We’ve been waiting on PayPal’s “bump” technology to hit Android for a few months now and as of yesterday, it was made official.  Get ready to split that Vegas club bill with your pal Tony by performing a solid broseph fist bump.  Just don’t forget to blow it up afterwards…

Just like our PayPal Mobile app on the i*hone, the new Android app features bump technology –  allowing you to simply tap two phones together to send money. Split the check is another great feature, which lets you automatically calculate the total cost of a bill and then collect money directly from friends when out to dinner. We hope these new features make it even easier to get paid back on the spot the next time you’re stuck picking up the tab.

Now to only get all of our friends into using PayPal.  Life is tough.

Source:  PayPal Blog
Via:  MobileCrunch, Phandroid

The option to purchase Android Market goods using your Paypal account took a step closer yesterday in an announcement from the Paypal team.  The Mobile Payments Library was made available to Android developers, allowing new apps to include the option to checkout using Paypal…

We know you want a quick and easy way to integrate payments into the Android apps you’re building, and we’re pleased to announce that our Mobile Payments Library is now available for the Android.

The Mobile Payments Library allows you to add checkout functionality for donations, personal payments, physical goods and services sold through apps on the Android phone without having to worry about keeping customers’ personal financial information secure.

There are people on both sides of Team Paypal, but let me just say that while you may not all be huge fans of their services, at least we’ll now have options.

Oh, and I officially love Google I/O.

Source: Paypal Blog

PayPal recently announced that they have an Android application in the works and will include their sweet little “bump” feature which allows you to transfer money between PayPal accounts and smartphones with a little tap.  While this thing isn’t slated to release tomorrow, they did put a “two to three month” deadline on it…

“Bumping” money transfers is a practical and convenient way to settle a bill, but right now the service is limited to iPhone users. For PayPal 2.0 to really become indispensable, users need to tap out transfers from any device. During our chat with PayPal at CTIA 2010 here in Las Vegas, we learned that updates to the Android and BlackBerry app are planned for the next two or three months.

It might seem a little odd that this announcement brings so much joy into my life, but I’m an internet guy, and internet guys use PayPal for just about everything.  Who’s with me?