What it is explained for now – except by Bob Ofenstein – is that you pay with it, not receive with it…

In my opinion, small consumer payments will explode when sharing goods and services will be ‘traded’ more and more often. Eventually, we will get rid of the old fashioned PIN-authorization. Why not swipe a signiture, put in a fingerprint, or scan your eye with your camera before/after every transaction.

Do you want some endless possibilities? Checkins with foursquare and other marketing tools immediately transfer into “hard” cash on your mobile device.

And now let go of the idea that NFC only ‘holds’ money:

Say goodbye to all your special giftcards, coupons, loyalty cards and other plastic contained in your wallet or stuck on the clipboard at home that (is supposed to) save(s) you money.

It is all there, together.