Yesterday at the Web 2.0 Conference Eric Schmidt announced that the next generation Android version 2.3 (Nicknamed Gingerbread) will include enhanced support for Near Field Communication (NFC) enhanced devices. Apple is said to be shortly announcing a similar support.
What this means is in the future the phone in your pocket will be capable of sharing your financial services information to execute a transaction in retail locations through contactless payment.
What is also interesting is the speed at which Android is selling new devices. According to Kevin Lynch at Adobe, Android is expected to go to 50% in Q2 of 2011. The private social network iPhone app, Path, recently discussed their plans for launching an Android version of their app that up until recently was designed to only run on the iPhone.