Google may have a new name for this iPhone-like feature for Android phones

Google has been known to be working on a feature that works similar to Apple’s Airdrop feature. Back in July 2019, it was reported that Google is revamped its Android Beam and will launch it as ‘Fast Share’.
Now, a fresh report by XDA-Developers claims that Google is again rebranding it and will call it ‘Nearby Sharing’. This feature with its new name has been spotted in the apk version of Google Play Services v20.1.03. Even though there is no official date of launch for the feature, the XDA-Developers report has posted screenshots of how this feature will work on Android phones.
From the screenshots, it can be seen that the Nearby Sharing feature shortcut will appear in the shortcut menu. The feature will require the two devices to be placed with 1 foot distance. Other than that, they will need Bluetooth and Location services to be enabled. For the feature to work, a temporary Wi-Fi hotspot might be created.