Google Wallet introduced

Google Wallet is an upcoming service from Google, which will take advantage of your Android powered device and Near Field Communication (NFC) and allow you to store all your digital finances and much more on your smartphone.

At launch this service will be compatible on only the Google Nexus S users on the Sprint Network, who own a Citibank credit card, we can be sure that it will find its way to other carriers and devices in the near future.

In this digital age Google wallet offers much more than just payments. You will be able to store your loyalty cards, gift cards, receipts, boarding passes, tickets and even your digital keys. You will be even able to access your loyalty points with a single tap, using the NFC technology.

All you will have to do is look out for this symbol:

Which you will find in thousands of merchants around the country including Macy's, Toys"R"Us, RiteAid, 7 Eleven and Office Depot and many more. Enter your zip code here and find the merchants close to you.

The service will debut is New York City and San Francisco, and you will be able to use it in store, Coca Cola vending machines and even certain taxis.

Are we really seeing the end of wallets ? Will the safety concerns of using this service keep you away from it? Questions we will see answered as this services keep growing. Leave your comments below on what you think. Is the Google Wallet service what I need ?