10 Mar '12, 10am

Apple Advances toward the iWallet: Is This Good or Bad?

Apple Advances toward the iWallet: Is This Good or Bad?

Apple has received a major Granted Patent for a system that will allow it to link users' iTunes accounts to mobile purchases, reported Forbes . To put it extremely simply, this is Apple's war on cold hard cash: the iWallet. But what does the potential end of paper and metal currency mean for the planet, and just how much better or worse off would be off using iPhones and iPads instead? The Upsides A dollar bill has 3 grams of embodied greenhouse gases in it . (A dollar coin has 15 grams, but lasts longer and is recyclable , among other advantages.) Taking the physical money out of the equation makes that carbon footprint go away. If Apple (and Google, which has a similar experiment going) can head off security questions, it could make carrying around cash at night a whole lot safer. Of course, you can still get mugged for your iPhone. Also, shopping with your smartphone ca...

Full article: http://www.treehugger.com/clean-technology/apple-advances...

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