Your Phone the wallet…yeah that doesn’t sound scary

Article goes on about several technologies that big companies (Mastercard, Visa, Paypal, etc) are working on to make your phone the way to pay for stuff instead of using a credit card.

But that doesn’t seem to bother anyone.  The thought of having a device that is constantly internet connected to have access to money and little defences…doesn’t scare people.  Yes I know most cards now have RFID in them, but a good light and a small drill can help eliminate those…or tinfoil.

http://gizmodo.com/5987298/were-this-much-closer-to-replacing-our-wallets-with-phones

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