TMCnet's Michael Dinan writes a great article about Bump, a new app (app store link) which you can use to send contact info you specify via WiFi by simply bumping fists with another iPhone or iPod touch user. For testing purposes, Michael used me and my iPhone as Guinea Pig and a few moments later we had shared info with one another. It was very compelling and it's worth mentioning the devices do not need to be in physical contact to interchange data. The software does need to be running though.
This app could become popular at trade shows and other gathering places and if it does become the standard for live information interchange it could become a natural extension of social networking in live gatherings.
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