I know that Japan has been using cell phones as a mode of payment for quite a fair number of years already, but that country is pretty much isolated when it comes to advanced stuff like that. How would you feel about using your cell phone to make that odd payment for your shopping or meal? While it might be much safer compared to carrying a wad of cash, what happens when you lose your cell phone (either by accident or through a theft)? Not only will you despair knowing that your contact list has been lost (serves you right for not having a backup), in addition to precious photos of your family taken by the handset’s digital camera and most importantly - your wallet. To suffer from so many blows at once isn’t exactly kind on a person, which is why I prefer to let the cell phone continue doing what it does best - communication. Let the good old fashioned wallet do the rest of the purchasing work. How do you see this?

Source: Geeks are Sexy