Google CEO says Android Update "could replace credit cards"

[boo7382]

At the Web 2.0 Summit in San Francisco, Schmidt said Android 2.3 (code-named Gingerbread) will combine location services with "tap-and-pay" functionality.

"Imagine that instead of typing my search, my phone is sending me information all the time," Schmidt said. "Maybe I tell [my phone] I need a pair of pants, and I get relevant information as I walk down the street."

Android, an open-source operating system widely used in smartphones, will soon use so-called "near-field communications" sensors to read RFID tags and link up with other phones and payment systems. That move will put Google squarely in the center of the growing field of developers working on mobile payments.

Schmidt also unleashed a new statistic: a whopping 35 hours of video are uploaded to Google's YouTube every minute.

The rest of Schmidt's talk was a grab bag, with the CEO commenting on recent controversies around Google data's, its competition with Facebook, and Google TV.

Addressing "creepy comments": Schmidt laughed off questions about recent comments he made about Google "knowing where you live and what you do." His take: "In the new world, you have to label jokes."

http://money.cnn.com/2010/11/15/technology/google_schmidt_web2/index.htm

[Panthro]

Slow your roll Google. Lets works on my phone randomly dialing people before I let you buy me $6,000 worth of socks on accident.

[Carolina Husker]

Get an iPhone. You won't have to worry about making any phone calls.

e-

[TheSaint]

Get the head/hand scan machines ready.

I just want to know when i get my own bar code.

[jasonluckydog]

Just got the Mytouch Android update today..I feel like I'm living in the future.

[mmmbeans]

goddammit the world is about to get as annoying as the web.

real life popups? f*cking awesome.

[Davidson Deac II]

Bet it will be pretty easy.

Easy to hack that is. More work for us security types.

[Zod]

Bingo. Open Source = Open Wallet

[Darth Biscuit]

Before I got my X I never knew how much I could use this tech. Pretty unlimited what they can do with this stuff. There's not much the phones won't do already...

[CLTPanther]

Fug that. Let me put all my CC info in there so it can be stolen!

[natty]

Bingo. Open Source = Open Wallet

lol that is so incredibly wrong.

Stuff like this can be really insecure though, simply because the web itself is inherently insecure. These new devices are just exposing the weaknesses more and more.

Anyway, I really want to get a droid phone, I've had it with this iphone/at&t bullshit. Just last week I started learning the API for droid development and it's pretty damn cool. Now I just need to think of an app that can make me millions.

[mmmbeans]

RFID itself is a bit of a security concern isn't it?

[Panthro]

RFID is/was a fad. There are applications for it like asset location apps in hospitals but there is a cost associated with chipping every damned thing out there.

[mmmbeans]

well, it's RFID that they're proposing to base this system off of.