We've virtualized much of the rest of the modern life -- why not payments? Plane tickets, banking and many other aspects of our lives now live on our phones. Payments still exist in the world of paper and plastic.
Google has Google Wallet; Visa has payWave; MasterCard has PayPass; and American Express has ExpressPay. Apple just announced its own, with Apple Pay. If you've heard of any of these credit card services other than Apple's recently announced system and maybe Google's long-running program, we're impressed. You're in the minority; heck, one quarter of US citizens don't even own a standard credit card, nonetheless a virtualized one. But virtual payments are more prevalent by the year, and Apple Pay is giving the concept a much-needed publicity boost. So, all that said, let's talk about the future of payment.
Don't throw away your wallet just yet.