Google Whips Out an E-Wallet

Google officially unveiled its e-wallet Thursday in a presentation with its partners at an event in New York. Google executives demonstrated making purchases and downloading e-coupons with the e-wallet through a Google Nexus S Android smartphone. They added that eventually consumers might even store their drivers’ licenses in it. The Google Wallet is secure, Google representatives said, and the NFC chip in the smartphone will only be turned on when the consumer wants to actually use the e-wallet. This is meant to prevent hackers from “sniffing” the card and stealing information.

Read more…