How would you like to use your iPhone as a credit card reader someday? For some, this may sound like an absurd idea but it has been announced that this could happen in the very near future! An innovative company called Mophie is set to revolutionize the credit card consumer and merchant industry by introducing a device that allows users to “read” their own credit cards when they purchase items. This gadget is connected to the iPhone and ultimately an iPhone app will be needed to make this possible but developing a suitable app poses no problem for developers, especially with the encouraging news that iPhone apps have been downloaded three billion times so far.

Mophie is well known for their iPhone accessories especially the best selling batter juice pack, an accessory that readily lengthens the iPhone’s battery life. Previously, Jack Dorsey, Twitter’s co-founder also announced plans to develop and propel Square, a similar service that lets users plug the cube-like credit card reader to the iPhone and use it to read and extract credit card information.

So what can consumers expect out of this? For one, it would mean that consumers no longer need to be overly concerned with credit card theft. In the past, many reports involving dishonest service personnel arose, whereby they would take the customer’s credit card and return a fake card upon transaction. This could also mark the beginning of an even more robust credit card industry. The device and app can be seen as a novelty idea at first but with proper care and marketing, this could bloom into something big…

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