A company called Look Tel has introduced a new app called Money Reader.
This app uses the iPod's camera (or the new iPad 2 when you get one!) to take a picture of any U.S. paper bill. The camera takes the picture then the image is scanned and the dollar amount is announced. While the company highlights this app for people with visual impairments, this tool can be used for anyone who needs assistance with identifying paper money. The app will recognize $1, $2, $5, $10, $20, $50 and $100 bills. Unfortunately, it won't recognize coins because of the lack of contrast when taking the picture.
The app is available in the iTunes store for $1.99.
Check out this video to see the app is action!
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