Google’s new Android phone aims to replace credit cards

Eric Schmidt, Google’s chief executive, showed off the company’s next Android-powered phone, which will contain a chip that will allow people to make payments via their handsets.

Opening this year’s Web 2.0 Summit in San Francisco, Schmidt showed off the new phone, which had the manufacturer’s label deliberately covered up, but is assumed to be the next Nexus device, following the Nexus One, and will contain a Near Field Communication chip, that will allow people to use their phones like credit cards.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Science & Technology

7 comments on “Google’s new Android phone aims to replace credit cards

  1. Timothy Fountain says:

    Best machine with which to link your credit card is a shredder.

  2. Fr. Dale says:

    #1. Timothy Fountain,
    I have one credit card and pay it off every month, is that close enough?

  3. trimom says:

    We have one credit card, pay it off every month AND the rewards part prepays the principle on the mortgage. The credit card is working for me not the other way around. Should that ever change though, I’m with #1.

  4. Jason Miller says:

    No credit card but use the debit card. If I could link it to my iPhone I would!

  5. robroy says:

    This is the way they do “banking” in Africa – all through their phones:

    I use a United card to pay for business expenses and then use the miles for my mission trips.

  6. Scatcatpdx says:

    I have one credit card now I have 20,600 in debt and only 260 a week in unemployment and collectors calling me and a possibility of bankruptcy. A good credit card in no credit card.

  7. midwestnorwegian says:

    #1 Tim, Tim Tim….here we go again. The card is just a tool. The only power it has over you, is the power YOU give to it.