Knocking Live Video Launches New Version Of Facetime Competitor

The developer of video streaming phone-to-phone app Knocking Live Video is launching a new version of its iPhone app today which has been optimized for Apple’s iOS 4.

Knocking Live Video, which enables users to stream live video to each other over 3G and Wi-Fi networks, offers both iPhone and Android apps, allowing users to broadcast live video between the different devices. Once you download the app and set up an account, you can search to find friends who are on the network and then request to start streaming video. Your friend has to approve your friend request in order to begin streaming live video to each other.

Thew new version of the app supports audio streaming from the broadcaster’s device, has been updated to integrated the iPhone 4’s front-facing camera. The app also compresses video up to 30 percent now, lowering data usage for Knocking users.

Of course, the app, which currently has 2 million users, faces competition from the recently launched Apple feature Facetime, which allows for video chat between iPhone 4 users. And it’s only a matter of time before Android phones include this functionality as well. But Knocking’s app could remain as a viable alternative to other offerings because it allows users to broadcast video from an iPhone to an Android phone, or vice versa.

Knocking’s developer, Pointy Heads Software, also offers a popular photo sharing app, called Knocking, which is applies its video functionality to photos. The app allows you to instantaneously share up to 100 photos at once between two iPhones.