Android 2.3 Gingerbread supports NFC contactless payments

TechCrunch is reporting that Google CEO Eric Schmidt let loose at Web Summit 2.0 that Near Field Communication (NFC) support was baked into Android 2.3 Gingerbread.

NFC is a mobile technology that will allow for phones equipped with a special chip to perform specific actions in proximity to special sensors. The applications abound, but the most prevalent one is the ability to make and accept payments via mobile phone.

With Nokia and Apple slated to reveal NFC compatible devices in 2011, it looks like the mobile phone might make yet another item obsolete: the wallet.

via TechCrunch