A new Google mobile phone which has a chip embedded that makes it a virtual wallet so people can 'tap and pay' is poised to make its debut.
The successor to the internet firm's Nexus One smartphone runs on fresh 'Gingerbread' software and is fitted with what's called a 'near-field communication chip' for financial transactions, according to Google CEO Eric Schmidt.
"I have here an unannounced product that I carry around with me," Schmidt said while pulling a touch-screen smartphone from a jacket pocket during an on-stage chat at a web 2.0 Conference in San Francisco.
"You will be able to take these mobile devices that will be able to do commerce," he said, "essentially, bump for everything and eventually replace credit cards. In the industry it is referred to as tap-and-pay."
The near-field chips store personal data that can be transmitted to readers, such as at a supermarket checkout counter, by tapping a handset on a pad.
Schmidt hid markings that might reveal which company made the mobile phone, and playfully stuck with referring to it only as an unannounced product.
Google worked with Taiwanese electronics titan HTC to make the Nexus One handsets it released in January in a high profile entry into the booming smartphone market.
Nexus One smartphones built on Google's Android platform won rave reviews for their capabilities but weren't a hit with buyers.
Inside Retail
6 comments:
<<<< Nokia >>>>
The thing about slide phones is that their flex tend to be destroyed easily. I'd rather stick with touch screens alone
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I'd rather stick with touch screens alone..Nokia is a nokia
Hope iPhone as Tecno-mobiles phone in pakistan
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Great read! The emergence of the new Google phone and virtual wallet is fascinating. It's exciting to see how technology continues to evolve, especially in the realm of mobile phones. I'm curious about the impact this innovation will have on Apple mobile prices in Pakistan in the market. Looking forward to more updates on this topic!
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