Apple wants to replace your wallet with the Apple Watch

(Yahoo!Finance) — Before you leave your house in the morning, you probably check your pockets for three things: your phone, keys, and wallet. But if Apple’s (AAPL) plans for its smartwatch pan out, you might just need to make sure you have one thing on you: your Apple Watch.

As part of the watchOS 8 software update, available as a public beta in the coming weeks, the Apple Watch will be able to present digital ID cards, which will eventually include licenses, and lock and unlock everything from your front door to your car.

“This is kind of our vision for eventually replacing the physical wallet where you just have everything you need…right on your wrist,” Deidre Caldbeck, director of Apple Watch product marketing, told Yahoo Finance.

Of course, you’ll need a few additional pieces of technology to make it all work as seamlessly as Apple proposes, including the appropriate Apple Watch version, compatible door locks, and, well, a car that supports the company’s wallet capabilities.

Apple isn’t alone in its effort, either. Google (GOOGGOOGL) is working on Android support for digital driver’s licenses and car keys. Samsung is also working on its own digital keys. And automakers still need to bring support to their future vehicles.

But with the right pieces in place, the Apple Watch could become your wallet and keys of the future. Click here to read the source article wallet

Rising Dough

Rising Dough - the question(s) that we need to think about from the reading.Do you feel comfortable with uploading your driver’s license to your Apple Watch? In the future Apple is looking at being able to add your passport, would you add that too? What happens to your identity if you lose your Apple device that has Apple Wallet. Is it the same as losing your traditional wallet?

*Click on the “Full Loaf” icon to read the full article! After you read the article come back and tell us your thoughts.

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