iPhone and iPad Will Become Electronic Wallet

What’s the latest technology found in smart phones?

Smart phone made by Apple, iPhone and iPad tablet computer, the next generation is expected to function as an electronic wallet.

According to the originating source Bloomberg tech site, the Director of consulting firm Envisioneering Group,
Richard Doherty said Apple would introduce a service that allows customers to use the phone or tablet to make purchases or financial transactions.

How, with special chips for communications buried a short distance on the iPhone and iPad or so-called Near Field Commnunication (NFC). “This will be the biggest attraction in two such devices,” said Doherty.

Previously, Google has also been implementing NFC technology into Google’s latest smart phone Nexus S. When launched in November last year, Chief Executive Officer (CEO) Google Inc. Eric Schmidt said the phones that run Android operating system Gingerbread 2.3 can replace the function of the user wallet.

Chip equipped with NFC technology to encrypt the users bank account data and can be used as a credit card. In addition to functioning as an electronic wallet, NFC technology could also be used to check in at the hotel at once into his room key.