Hate losing your wallet? Well, this news is making it sound like wallets will soon be obsolete, so you may be losing it permanently.
Google, Inc. is launching a trial-based Google Wallet payment system this summer, which customers living in San Francisco and New York can utilize if they have a Google Nexus S 4G.
Called a "single-tap" solution, shoppers should be able to pay with a single tap of their phone on a payment terminal, or a swipe past it.
Too bad it's actually more of a "double-tap, followed by a signature" solution since a Google exec had to tap TWICE, then sign on the screen of the terminal to make a purchase during the demo in NYC on Thursday.
Two WHOLE taps? That really takes the "O" out of "neat-O"! Ha!
While Google assures us it is more secure than a credit or debit card, there are still some pros and cons to this new technology.
Pro: You're wallet will never be stuffed with too many dollar bills or receipts to fit in your pocket again!
Con: If you drop this wallet in the toilet you may not have another method of payment to buy another one. LOLz!
We'll probably stick to our water-proof credit card for now, but it sounds like that ancient piece of plastic may not be around much longer because every company and their mother is developing similar technology.
Would U rather just swipe your smart phone than use a credit or debit card?
Tags: credit card, debit card, google, summer, technology, trial, wallet