PayPal Launches Apps Store, Wants to Send Your Wallet to the Cloud

PayPal, one of the more sedentary companies on the Web, announced something rather odd today: it's opening up an Apps store for developers to showcase their products on. And, funnily enough, the idea makes one think that the online payment system is going back to its roots: it was originally conceived as a payments system for Palm Pilots.

The idea, according to Osama Bedier, VP of PayPal's Platform Business Unit and Emerging Technologies, is to make PayPal a way for paying for ordinary...