Square COO says NFC has "No Value"

Does this go into the "I can't believe he said that" category or the "I can't believe he believes that" one?


SlashGear is reporting that Keith Rabois, COO of mobile payment firm Square was on hand at the GigaOM mobilize conference and made a statement that NFC has no value. He went so far as to say that he has never met a retailer that said they wanted NFC tech in their store. 

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• Square COO: There's no value in NFC (nfcdata.com)
• Square COO says NFC has no value (slashgear.com)
• Square COO: There's no value in NFC (gigaom.com)
• Square COO: NFC will not become mainstream in U.S. (zdnet.com)
• Square COO Keith Rabois Isn't Worried About Google Wallet (businessinsider.com)
• Square executive dismisses NFC tech (electronista.com)