Visa and Samsung introduced today that Samsung Galaxy S III may be the official Olympics Phone for that London 2012 Olympic and Paralympics Games. You will see a restricted edition from the device passed out to sports athletes and participants who’re backed by Samsung and Visa.

The mobile phone models is going to be preloaded with Visa’s Pay Ware software and Visa and Samsung have previously planned to showcase fraxel treatments at special cubicles throughout the Olympics. Also, you need to know that 140,000 contact less devices can be found all around the United kingdom for obligations via NFC, such as the ones Samsung Galaxy S III is capable of doing. I suppose you are able to state that the Olympic games is going to be one large trial run with this technology that may take around the globe later on and replace purses permanently.

The main one fear here’s that cyber-terrorist try to take advantage of the system and obtain all of the funds in the Smartphone’s. With Android being seen as unsafe platform, I suppose that individuals will maybe think hard before having to pay considerable amounts of cash via NFC. I am talking about, obtaining a hotdog is alright, however, you wouldn’t purchase a vehicle via NFC contact less payment, can you?