|Iphone 5 News|
What we are looking below is the diagram of NFC based iPhone 5 that has ben patented by Apple Inc. Now many of you may not know what exactly is the NFC technology to be used in iphone 5.
NFC stands for Near Field Communication that Apple seems to have integrated in the next generation Iphone 5 using NFC Chip. NFC is a very short-range wireless technology that will allow your device [iphone 5 in this case] to be used for paying bills by communication with a second device in proximity which will then authenticate purchase .
So its possible that a iphone 5 user can walk into a atm machine or the cash counter of a shopping mall and pay money via his iphone 5 , just as he would have done by swiping his credit or debit card.Critics believe that iphone 5 with the NFC chip will revolutionize the way we make purchases today , and hopefully this will be real .