Google Expands Into Payments With Deal Contactless Patent Holder

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PALO ALTO, Calif. – Google said it  has acquired Zetawire – a Canada-based startup which owns patents to implement NFC-based technology for mobile banking, advertising, and other uses.

Their portfolio of patents gives Google a suite of tools for expanding into areas of technology that has yet to be enjoyed by Americans, using phones as forms of payment and identification.

Google had already shown a strong interest in increasing the widespread adaptation and use of near fields communications technology in America by adding native NFC support in Android 2.3 and by embedding an NFC chip inside their new model device set to launch this Thursday.

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