Phones are hardly phones anymore: they’re very small computers that happen to have a Skype-like method of communication. Smartphones are making forays into the world of payments, with merchants like Starbucks experimenting with mobile prepaid cards and scrappy startups like Silicon Valley’s BlingNation piloting smartphone-only registers.
Apple and Google are also now jumping on the mobile payment bandwagon, using near field communication (NFC) chips that would enable customers to pay simply by waving their phones over a register. Apple will probably have NFC chips ready by the iPhone 6, but Google is one step ahead: it already supports the technology in Android phones like the Nexus 5 and will begin testing mobile payment systems in New York and San Francisco.
But will it ever happen?
TechCrunch’s Erick Schonfeld wrote a piece recently arguing that NFC chips will never reach the critical mass needed to become actually useful. He ci





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