Like it or not, the notion of a so-called “cashless society” is only a few implementations shy of reality – and we’d bet (which means we don’t know for sure) that future mobile phones – including the iPhone (future version) – will eventually carry RFID chips (or an equivalent technology) to help ensure your identity when making any kind of payment.
There’s been signs of this before, with banks introducing various account management applications for the iPhone. While these stop short at use of these devices as a payment or debit card at least one major force in the banking industry payment solutions world is working on a solution that does just that.
Nokia this week announced the UK will be the first country in which it will launch the service, which offers Nokia 5310 XpressMusic handset customers free access to over 2.1 million tracks.
“In general, adoption of most mobile music services has so far been slow and disappointing,” Informa Telecoms & Media notes. “Nokia hopes to change this trend and therefore unlike most other music services, “Comes With Music” will allow users to keep and listen to all the downloaded music even after the one year subscription period ends. However, many media reports have raised concerns on the business model and whether Nokia will be able to make any profit from the service.” Continue reading →