Launching Google Wallet

Google launched their first version of the wallet app to Sprint on Monday. It was introduced in May but due to extensive testing it was recently released. The idea is to have electronic versions of your credit cards on our phone so you just have to swipe your phone near the field communication and it takes the money from your account.

people at Google say it is safer than carrying a wallet because in order to access the cards you must first put in a PIN number. I'm not sure if now putting the final piece of people's lives on a phone that could potentially be stolen is a good thing, but Google says they have taken the safety measure needed. Aside from the PIN number, there is a separate chip in the phone for the credit card file so it can not be accessible even if the phone is hacked into.

It seems like a cool idea, but I'm not sure it would be that beneficial considering you still have to carry your ID around and sometimes cash, so where now do you put those?

http://www.google.com/wallet/vision.html