It seems like the future of digital money will take on a new level with the new Nexus 2, as it will work on Android 2.3 (aka Gingerbread), containing a feature called ‘near field communication’ (NFC). This feature allows the phone to interact with NFC-enhanced devices, which basically means your phone could be used as a digital wallet to wirelessly pay for things in retail stores. Some say that this kind of technology will eventually replace credit cards, which I find a somewhat disturbing development. Google is already the emperor of the information age… what is going to happen if they will also have the data on financial transactions? Won’t we be giving in too much to Google’s power?
Link:
http://gizmodo.com/5690705/eric-schmidt-says-android-gingerbread-will-have-nfc?utm_campaign=frmkt
