Buy Starbucks coffee with your iPhone

Welcome to the future, where your iPhone merges with your wallet…. You can now buy anything at Starbucks with your iPhone (or iPod touch), thanks to the Starbucks Card Mobile app. The app works by linking to a Starbucks gift card account, and when the app is launched it displays a barcode that can be scanned by the barista, making for a quick transaction.
Starbucks Card Mobile not only lets you pay directly from the app, but you can also check your account balance, view transaction history, reload your account with a credit card or paypal, track your rewards, and even locate nearby store locations. Whatever you feel about Starbucks, you have to admit this is a great idea.
Starbucks Card Mobile is a free download via the iTunes App Store and works on the iPhone and iPod touch. At this time, only US based cards and stores are supported, but this is expected to change soon.

Thank God I don’t have an iPhone .. man I would be spending like a drunken sailor using this App
I’m safe. There is no Starbucks where I live. Great app though.
I hope this catches on and more businesses make apps for this, better yet I hope banks jump on so I can use my iPhone as a credit card.
Rather frightening, IMO.