Simple’s MoneyDrop Will Soon Let Users Transfer Funds Using Bluetooth

Any one know how secure Bluetooth tooth is? I’m especially interested in its comparison to NFC? What’s the range of Bluetooth – will I be able to pay in the parking lot when I pick food to-go?


Things seem to have been moving rather smoothly for the folks at online banking startup Simple. They’ve spent the last year fleshing out their mobile apps with some much-needed features and added some 25,000 customers to their ranks since July. Now the team is looking to add yet another feature to the fold in the coming months: Simple-to-Simple fund transfers.

Yeah, fine, I’ll admit the concept doesn’t immediately sound like a game-changer. Just as the name implies, Simple customers will be able to quickly exchange sums of money from directly within the app, a stark contrast from some of the clunkier peer-to-peer transfer methods used by competitors like Chase or Wells Fargo. Considering the sort of oomph that recent updates have brought to Simple’s mobile apps, something like this was only a matter of time.

Here’s the catch, though — Simple’s iOS development team (which at this point only…

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