New Research Shows Phones May Use Magnets To Transmit Data

Researchers at the University of Oulu in Finland have been successful in transmitting data using the magnetometer that is usually found in various smartphones. The device they used to perform this experiment was the Nexus 4 from Google. The experiment is still a work in progress but holds tremendous potential if it can be developed as a protocol.

What do you guys think about it? The article does talk about benefits over NFC but I dont think this can ever become a valid protocol for data transmission especially owing to the super low transfer rates

source