Wallet of the future? Your mobile phone

Phones in Japan
According to CNN, mobile phones in the United States will be able – within five (5!) years – to make electronic payments, open doors, access subways, clip coupons and possibly act as another form of identification.

But there is work to be done: according to technology research company Gartner, only 3 percent of people in North America are expected to conduct mobile payments in 2012.

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