We use our phones for a whole range of things- communication, browsing the web, finding locations etc. So many of us rely on phones on our daily basis that it’s hard to see a day without them and they are an essential to daily life now. Slowly but surely, technology will take over our lives and replace all the things we have now with advanced products. How about paying for an item with your smartphone, just as you would with a credit card?

Well that’s what Google’s CEO, Eric Schmidt thinks we will see. The introduction of Android 2.3 Gingerbread will enable the use of near-field communication technology that will allow users to pay with their mobile phones.

The man himself introduced this concept at the Web 2.0 summit in San Francisco:

I can only see this as a good thing and hopefully, in the future, more secure features will be built on so that we can see an end to having to carry around credit cards and instead use our mobiles to pay for things…

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