thats the point where evil is. Being online with all my datas including the very private ones!
what if someone hacks it, or what if someone traces, manipulates and imposes my datas, my life and create me a baloon where i should be bounded? Is it what google is doing momently with product called web history, or with googleOS?
Well thank you i am still okey to have cash money/plactic card where i can physically feel that i am paying :)
Apple can do anything. They will try to come up with something new, just like itunes for music. icash definitely makes sense but this all needs more than a product engineering from apple. They have to tie up with all the bigger market retailers in USA to develop a eco-system.
I think security is a major issue for consumers using their phones for purchases. I think the use of eye cornea from the phone camera could solve this problem. Consumers will trust and use such devices to replace their credit cards or else I would not use a phone yet. Or use of finger print as backup security using the phone or something like that.
There are some that believe that we should do away with the Federal Reserve. Perhaps iCash could at least give the Fed a run for their money (pun intended). Many a fan would trust the full faith and credit of Apple. Apple should rush out and trademark iPence and iOU (100 iPences).
I think the wallet phone will be a single point of failure like a STAR network. If you miss your wallet - no only do you loose your ID and your driving license but you cannot make nay calls
and you cannot pay at the supermarket counter.
If you get caught in a cold country and stuck in
snow without your phone you cannot buy a coffee.
We must have a degree of redundancy in our personal system. I am loathe to rely on a wallet cum phone. NFC is not just restricted
to a wallet phone - NFC is a broader machine2
I thing the consumers would love to have yet another yet to simplify their transactions. It would make sense for retailers esp. gas stations to allow for the use of iPay. I can remember when the Mobil gas widgets came out and all you had to do was wave it by the pump and your CCard was charged. Neat idea at the time (too bad the gas was way more expensive than the cheapo brand across the street or I would have singed up). I agree with the earlier post: I may leave the house without my wallet but not my phone.
eWallet is expected to come out this year. I am sure Apple is not the only one since eWallet is right at the application area of NFC. There are a couple areas that need to resolve before getting wide acceptance. Security is the highest priority among all. The business model that will save transaction cost is crucial. What's other stumbling block?