Coolest latest gadgets – Near Future Trend- Mobile Electronic Transaction – Integration Of Smartphone With Credit Cards – New cool electronic technology gadgets blog


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Google’s CEO, Eric Schmidt has announced yesterday during the Web 2.0 Summit about the new Google Android smarpthone – Nexus S, that will be running Gingerbread, a new Android 2.3 OS. Surprisingly, Google is planning to integrate their Nexus S with near-field communication chip that acts as an electronic money.

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Predictably, Schmidt says that near future possibility is when all smartphones have built-in NFC chips to replace credit / debit cards all together and providing a more secure way for transaction. However, Schmidt seems not mentioning anything about the vulnerability of users’ financial data being exposed to hackers using this method for electronic transaction.

A creepy idea is that, would you surrender all your trust including your sacred financial data to an electronically engaged chip?

[ Source: Dvice ; New York Times ]


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