Google Wants To Be Your Bank, Too

from the Gpal?-G-Money? dept

Is there anything Google won't eventually launch on its own? There were some random rumors earlier this week that Google was working on their own iTunes-type offering, but now the Wall Street Journal and Reuters are reporting that Google is getting close to launching a PayPal-wannabe payment system, nicknamed Google Wallet (not quite as fun as "G-Money" would be). The rumor is based on a panel discussion where an e-commerce consultant said some of his clients had been approached by Google about using such a system. Of course, Yahoo had their own PayPal wannabe for a while, called PayDirect, that they eventually shut down after no one used it. Even eBay had their own PayPal wannabe that no one used before buying PayPal. Despite that, Google certainly seems to be pretty good at getting people to adopt their offerings -- and if they can really improve on the PayPal experience, a lot of pent-up frustration directed at PayPal could drive plenty of users to the Google solution. Just one more step down the path for Google to be competing directly with eBay, apparently.
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  1. identicon
    no tinfoilhats please, 19 Jun 2005 @ 3:54pm

    No Subject Given

    google has direct links to [redacted]. Google monitors and stores emails. Google monitors and stores searches. Google monitors and stores map requests. Google has full world satellite coverage. Google can soon monitor and store financial transactions. The only thing left for a complete monitoring system is telephony. Watch for google voip.

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