A new version of the Android Market app (version 3.3.11) has been recently leaked on the Web, and an enthusiast who dug deeper into the code of the new version found in it embedded a possibly new payment system–Paypal.

One of the readers of AndroidGuys decided to examine the underlying code of the leaked Market APK and stumbled upon multiple references to PayPal.

Although Google did not give an official statement about this update, the code is a promising sign that we could be expecting PayPal integration soon on the Android Market.

Android users have been requesting PayPal integration for years. With the presence of this new update, consumers can gain more access and have faster transactions when shopping on the Android Market–especially international users.

Aside from easier transaction, Android Market 3.3.11 also carries along some nifty new features:

• New setting that automatically updates apps
• Update over Wi-Fi only to save megabytes on cellular data plans and conserve battery life
• Adding shortcuts automatically to the Home screen
• Smaller font
• Star ratings on app pages
• Minor changes to the user interface
• Voice command in search menu

If you can’t wait for the official release of Android Market 3.3.11, Android Police has the APK files ready for download, however, the files won’t work on some devices–especially Honeycomb tablets.

What do you think of PayPal payments for the Android Market?