Google CEO Eric Schmidt announced that Gingerbread, the newest version of Google’s mobile operating system Android, will support near-field communication technology to allow for mobile payments.
In other words, if Google has their way with making credit cards out of Android smart phones, we all may have to embed chips in ourselves to keep constant track of those devices!
So, whoosh, out would go plastic, in would go digital and tap-and-pay using your Android-powered phone without having to take pictures or input anything. It’s something that Schmidt said credit card companies should embrace because it’s more secure. (Debit and credit cards already do this at many stores and gas stations.)
Full story: Google: Android phones could replace credit cards