In an endeavor to accelerate the adoption of its core payment platform, eBay Tuesday launched a new technology for its PayPal division, essentially to facilitate the incorporation of the online payments system into the applications of third-party software developers.

Announcing a set of tools required for building apps on top of the popular PayPal service, which boasts of nearly $2,000-per-second transactions, eBay CEO John Donahoe said at the PayPal X Innovate 2009 conference in San Francisco that the new open payments system, PayPal X, will enable businesses to profitably tap the popular payment platform.

At the unveiling of the PayPal X system at the conference, Donahoe said: "Bottom line: Working together, we will drive the next wave of payment innovation. You, the developer community, will create it. We, PayPal, will support it. Most importantly, millions and millions of consumers and merchants worldwide will benefit."

The benefit that the PayPal X system spells for the users is that they would be able to make purchases from within an application, like an online game; thereby doing away with the current requirement of having to open a new window or steering away from the game to make purchases using PayPal.

In addition, the new PayPal X system will also work with mobile applications, and thus make it exceedingly convenient for mobile phone users to make purchases using their respective devices!