The Wall Street Journal says that major online payment firms like PayPal, are looking at ways that it could use the technology and Apple is trying to get iOS developers to add features to their apps that would make use of iBeacon. At WWDC, Apple has set up a number of iBeacon units inside the Moscone Center, and plans on offering live demonstrations to the developers who are attending the conference.
Each iBeacon has a range of about 500 feet, and Virgin Atlantic has installed them at Heathrow Airport. When a passenger passes by the device installed near the gate where he will be boarding his flight, his smartphone will display a boarding pass. ABI Research expects iBeacons to be installed in 30,000 indoor locations by the end of the year. Each unit costs anywhere from $5 to $20. Considering the number of units it will take to cover large stores, and the increasing number of ways that the technology can be employed, this could be a huge money maker for Apple.