A new Google mobile phone imbedded with a chip that makes it a virtual wallet so people can "tap and pay" is poised to make its debut, the Internet giant's chief said.

一款能够充当电子钱包的Google手机将随时亮相登场，Google的首席说，该手机内置芯片，轻触就能支付。

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Users swap cash for virtual currency using online exchanges, then store it in a wallet program on their computer.

通过在线交易，用户将现金兑换为虚拟货币，并将其储存在“电子钱包”中。

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If you like Android and want the virtual wallet-type services that Passbook offers, you will probably buy a Samsung product.

FORBES: Samsung Clones Apple's Passbook

All of the other device and payment companies emerging with their own virtual wallet products, which should happen in about 5 minutes.

FORBES: Samsung Clones Apple's Passbook

On it will be a virtual wallet provided by a firm such as Google, PayPal, Square or some company that hasn't been thought of yet.

ECONOMIST: Consumer banking