This month is the 150th anniversary of paper money in the United States. The Harris Poll sought to learn when, if ever, people think that information stored on mobile phones beat out cash payments for purchasing.
However, retail stores still rule as the preferred shopping mode for a majority of shoppers.
Verizon Wireless said today that Google Wallet would not be enabled on the Samsung Galaxy Nexus when it comes out from the carrier. Verizon noted that the reason is that the Verizon smartphones don't have the necessary architecture and the company is working with Google on a solution.
This news doesn't necessarily mean that mobile payments won't work. on the Verizon network. It is also rumored that Google Wallet will be a Sprint exclusive. It has been reported that Google Inc. said that Verizon Wireless is keeping it from building its new Google Wallet into a new line of smartphones powered by Android.
Google wallet uses NFC to wirelessly charge merchandize bought in retail stores it also sends offers to participants.