Do We Even Need NFC For Mobile Payments? PayPal, Google Weigh In (Video)

If you tried to judge whether NFC mobile payments are ready for prime time ? based on the amount of chatter you hear in your newsfeed ? you?d think the contactless technology was on the brink of ubiquitous adoption. Nothing could be further from the truth. In fact, there are documented sources out there citing that we are four, five, maybe even ten years away from a realistic and entrenched infrastructure that would allow the masses to make face-to-face payments using secure elements embedded in smart cards and mobile phones. Five years. Just think about where you were five years ago. What kind of phone did you have? Where did you work? How did you communicate with others in these days of yore? Seriously, what has changed for you in that time? What has changed in your environment in that time?

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