Ditch the cowhide for the M-Wallet

Since we already debit just about everything from a stick of gum to a night out with friends, what do we really need a wallet for anyhow? Not only can you keep your music, your photos, your contacts and appointments on your cell phone, but if Motorola has their way, you’ll keep your credit card information there as well. Just last month, Motorola announced that they are set to release the M-Wallet.

No more fishing for your piece of plastic when you make a mad dash through the grocery store line. Just scan your phone and payment is made. The M-Wallet also give you the capability to pay your bills via the phone, check banking statements, and send a “loaner” (you know, the kind that never comes back) to your deadbeat brother in college.

Both retailers and marketers are liking the concept for their own devious reasons. Buy the best of “American Idol” DVD today and get, oh I don’t know, say a Clay Aikan CD coupon the following day. Cross promotion, repeat customers, more reason to assault the general public with marketing, gimmicks and ads… oh my!

According to PROMO Magazine, phones with the M-Wallet chip in them should start hitting the market this spring, and be “scannable” at participating merchants within 6 to 9 months.

Now if they could just find a way to store a condom in your phone, you could ditch your wallet all together.