Collect Experiences. Not Things. :')

January 27, 2011

Time To Buy MORE Apple Stock?

Apple is expected to install “wave and pay” technology for the next version of its iPhone, boosting mobile commerce and potentially giving the company a big piece of the multibillion-dollar transaction industry.

The iPhone 5, due out this year, is likely to incorporate technology called Near-Field Communication, which incorporates financial account information and ties that data to specific devices, according to Asian suppliers and others who have been in talks with Apple.

Can you imagine Apple installing this technology? The stock is already high, but if your iPhone also becomes your credit card? Wow?

Currently, my iPhone is my phone (duh), iPod (music source), map/GPS, camera, calendar, notepad, weather source and movie locator. Will it become my credit card too? My swipe card (keys)? My driver's license? If so, then I won't have to carry a wallet.

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