| Wednesday May 25th 2016

Google CEO Sees Android Phones Replacing Credit Cards

Motorola Droid paymentOne step closer to Skynet

Google CEO Eric Schmidt said that the forthcoming Android 2.3 operating system will support near-field communication chips for mobile payments, a development that he expects will lead to the launch hundreds of mobile payment startups.

“This could replace your credit card,” said Schmidt in an interview at the Web 2.0 Summit at the Palace Hotel in San Francisco on Monday.


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