Counting cash could soon become a thing of the past thanks to the LookTel Money Reader. The LookTel Money Reader is a new iPhone app that uses the iPhone's camera to read and recite the denominations of money.
I can think of several uses for the LookTel Money Reader, first and foremost to aid the blind in cash transactions. If the app could be refined and tweaked, it could also be useful as a low-tech anti-counterfeiting tool.
Currently the LookTel Money Reader is only programmed to read U.S. bills, but what it lacks in variety it more than makes up for in accessibility and ease of use. The app can be used without an Internet connection and does not need to stay trained on a bill to read its value. The LookTel Money Reader app is available now in the Apple app store for $1.99.