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Netscape Founder looking forward to everything being in the cloud

At the Paypal X Innovate 2010 conference in San Francisco today Marc Andreessen of Andreessen Horowitz said he was looking forward to the day that everything was in the cloud. Andressen is best known for some of his start ups, like well Netscape. Andreessen says he is waiting for the day that everything is in his phone and paypal, for which he is an investor, is the key to that start.

“Mobile is just the wallet you will be using,” he said. “Whether it’s a credit card, cash, PayPal, Facebook credits, whatever. It’ll be a more versatile wallet.

Cloud computing allows users to offload information into off-site servers owned by companies such as Rackspace, Google and Amazon. During his keynote address to the Paypal X attendees Andreessen pointed out that everything from music to facial recognition software is finding its way to the cloud. He also commented that, today the mobile phone is expected to do everything but “read your mind”

Andreessen, a passionate speaker about anything web based said “When I invented [the] Mosaic [Web browser], I didn’t imagine the Internet would look like this — there are no download processes and people expect phones to do everything but read their minds.”

Paypals current mobile application is feature rich and allows you to do all the account functions you would on their website, from your phone. The latest version of the app even has a tip calculator and the ability to “bump” from one phone to another.  Traveling merchants are also embracing accessories that allow them to swipe credit cards right onto their phone for instant processing. This feature cuts down on users of “dead beat” cards anywhere from trade shows to antique marts.

Andreessen founded mosaic which eventually became Netscape one of the first web browsers used by the masses. Andressen isn’t any strange to the current web/mobile based landscape. Through their investment firm, Andreessen Horowitz they hold shares in some of the most popular current companies like Zynga, Skype, Snaplogic and Foursquare.

The only thing Andreessen said didn’t belong in the clouds was “Love notes”

source: Crunchbase and Venture Beat