Google Nexus S may replace your credit card

Yep, it’s time for another Nexus ‘whatever-it’s-called-this-time’ rumour.

Although to be fair this one comes directly from Google CEO Eric Schmidt himself.

Speaking at the Web 2.0 conference in San Francisco, Schmidt pulled out a device with the manufacturer logo carefully blocked out, and proceeded to talk about its new features.

Including NFC technology – the same tech used in London’s Oyster cards and Barclaycard’s contactless payment cards – Google claim this phone has the capability to replace credit cards using a tap for payment method, or ‘bumping  for everything’ as Schmidt rather suggestively called it.

The device will also run the latest version of Android called Gingerbread, which will be required to support the NFC technology, and is due in the ‘next few weeks’ according to Schmidt.

Schmidt also dropped a less than subtle hint towards rumour of a Samsung Nexus S saying, ‘I only said that we would never offer a Nexus Two’.

[Update via MobiFlip]

A huge 44 minute video of Schmidt teasing us has now appeared online. Thankfully he whips out the phone pretty quick so you don’t have to skip very far for the fun bit, but we’ve stuck the whole thing on just in case.