Some of the things the iPhone can do never cease to amaze me. Thanks to Apple’s strong developer community, it seems like folks are always coming up with new ways to use the device.

One of the more recent innovations we’ve seen involving Apple’s popular smartphone is a new application that actually counts your money for you. While we’ve seen object recognition software in the past, we’ve never seen it used like this…

I know what you’re thinking. Why on earth would you need help counting money? After all, waving your iPhone over each individual bill couldn’t possibly be any quicker or more advantageous than counting it by hand.

LookTel‘s software was actually created to help folks with visual impairments. Money Reader uses the iPhone’s camera to identify bills from $1-$100, and then reads the value aloud.

Judging by the speed and accuracy of the scanner in the above video, I’d say that this app is the perfect solution for anyone who struggles with counting cash. Money Reader is available in the App Store for $1.99, and is compatible with iDevices 3GS and up.

What do you think?

[TUAW]

  • Dane

    Just seeing the headline I automatically thought this would be perfect for my dad who has vision problems

  • Peter

    Learn2Money America. All your bills look the same

  • 1 – 5 – 10 -20 -50 and 100 dollars, repeat repeat :))

  • Gurzi

    This ain’t working for euro? :/

  • DomPerignon

    If it only could only give you a TOTAL would be perfect!

  • moob

    technically nothing is being ‘counted’ only identified so i agree with the above, would be great for it to add as it was counted then say a total.

    … and according to the dev’s website doesn’t work on non-US currency.

    so yet again, wasted time reading about it 😐