Apple To Turn iPhone Into A Virtual Credit Card
Reports are making rounds that Apple is planning to include NFC (Near Field Communication) in the upcoming release of iPad 2 and iPhone 5. NFC technology allows devices to communicate with each other, once they are in proximity "i.e. upto 4 inches to each other". The purpose of this move is to convert iPads and iPhones into electronic wallets or virtual credit cards, thereby allowing customers to just wave their devices near checkout counters and make payments.
Reports are making rounds that Apple is planning to include NFC (Near Field Communication) in the upcoming release of iPad 2 and iPhone 5. NFC technology allows devices to communicate with each other, once they are in proximity “i.e. upto 4 inches to each other”. The purpose of this move is to convert iPads and iPhones into electronic wallets or virtual credit cards, thereby allowing customers to just wave their devices near checkout counters and make payments.
Richard Doherty, director of the consulting firm Envisioneering Group, informed
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