Google Gingerbread to Replace Credit Cards?

Ainsley Jones
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Over the past few weeks, rumors have surfaced about a successor to Google's Nexus One smartphone. Samsung was tipped to be the manufacturer of the Nexus Two, which the company dismissed, only to have Best Buy leak the Samsung Nexus S, which may or may not be the successor to the Nexus One.


At the Web 2.0 Summit yesterday, Google CEO Eric Schmidt shed a smidge of light on the subject when he displayed a phone that could have been the Nexus S and said that the handset will come preloaded with Android 2.3 Gingerbread, which is able to function as a mobile payment system, TG Daily reports.


The device contains a Near Field Communication chip, which Schmidt says could replace credit cards, according to The New York Times. Schmidt tapped the phone for the company's venture into e-commerce, saying:

Imagine I'm walking down the street and instead of typing my search, my phone is giving me information all the time; it knows your store preferences. It is likely to drive a very, very large mobile e-commerce business.

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