Google unveils the 'mobile wallet'

As Imran Hosein says they want to know how much money you have, what you spend it on and who you may give it to. To do this they have to get you off physical forms of money, which can be hidden or exchanged without oversight, a "cashless society". With the advent of the "near field" technology (really just a RFID chip, which ironically contains silver) inside a mobile phone which has a GPS receiver, "they" can now know who you exchanged your "money" with and exactly where you did it.

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name

From: AlJazeeraEnglish | May 27, 2011

Google has unveiled new technology which could change the way consumers shop. The so-called "mobile wallet" may mean one less thing to carry when you go to the store - but there are concerns over security of the new system. Kristen Saloomey reports.