It’s a Phone! It’s a Computer! Now It’s a Wallet?

I bet Alexander Graham Bell would develop a severe case of A.D.D. if he could see all the features that his old invention, the telephone, showcased these days. As we all know, cell phones are now used to post status updates, take photos, and oh yeah, talk. But now, major tycoons like Google, Apple and Nokia are developing phones that can act as a credit card. According to Google, mobile ecommerce is expected to grow by leaps and bounds, quadrupling in size up to $630 billion.


David Sarno from the L.A. Times says that this application, soon to be available on Android smartphones, will have  near-field communication, or NFC — the radio technology that allows phones to talk to credit card terminals wirelessly. Using built-in microchips, the phones can conduct digital conversations with credit card reading devices on par with those found in store checkout lines.


Pretty soon we’ll be able to buy dog food, run errands and get a digital receipt back instantly. What do you guys think? Is this just technology overkill? A useful gadget? A useless gadget?

We would love to hear your thoughts!

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