Wednesday, January 19, 2011

No More Paper Money No More Paper Money No More...

Read here >>>> Ditch the Plastic, Pay with your Phone

Ummm, can I say cool!? I knew the world would be doing away with dollars and coins one day, but I never dreamed this would be the end result. With the unveiling of the smartphone, the world is bursting with endless possibilities. This article names five ways you can use your phone to pay for things:

1) Starbucks has an app (free) where you can load money from your PayPal account, order your latte, scan your barcode and enjoy.

2) A few stadiums and ballparks have picked up a concession stand app (types and prices vary). The New Orleans Saints were the first to experiment with this back in 2001 (Shout out. Who dat!?). Basically, the app will allow you to order and pay for the food from your seat and then alert you when the food is ready to be picked up. No more waiting in lines :)

3) Ever try splitting the bill at dinner because those waiters are too lazy to figure it out themselves? Now you don't have to worry about it. The new Venmo app (free) allows you to connect your bank account straight to your phone and transfer money to friend's accounts through text. How awesome is that?

4) Running a small business from your phone or just need someone to pay you directly? There's a gadget for that. The Square is a small gadget (gadget-$1, app-free) that hooks into your iPhone or Android and allows people to swipe and pay you directly to your phone.

5) Okay, I've heard of bumping phones, but nothing ever happens when I bump mine with others. That's because you have to have the Bump app (free) which allows you to swap information with your friends such as contact information, photos and money when you simply bump your phones together. So get to bumpin!

Pretty soon we will be doing everything on our smartphones-going to school, conducting business, grocery shopping, watching the kid's soccer game, even exercising. We'll never have to leave our homes again.

Might I add that the iPhone has to be the greatest invention of the century.