Smartphone cameras are quite versatile. Some people used them to take pretty pictures, while others use them for the recognition of a face, product or an object. LookTel has taken this idea of object recognition and used it as the cornerstone of a new app called Money Reader.
Money Reader uses your iPhone camera to identify dollar bills from $1 up to $100. The app is designed to let those with a visual impairment accurately count their money. The identification happens in real-time so users can quickly count or sort a pile of cash.
Besides its utility in counting money, LookTel is hoping to use this recognition technology to identify landmarks, recognize objects and read back
