Current Event Report: Motorola

The article that I chose was from the Wall Street Journal that discussed Motorola's planning to launch a system that will allow people to use their cell phones as credit cards. Motorola claims that you will be able to purchase products by simply waving your cell phone over a scanner at the cash register. Motorola is hoping that in the future that this service will play the same role as a credit card. Motorola's strategy is the latest effort for the wireless industry to come up with new sources of revenue to make up for the falling calling rates and market saturation.
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