« Stomp The Search Engines | Feed Stomper Apprentice Program | Main | eBay Live 2005 Begins Today »
June 22, 2005
Google Wallet Stirs Massive Speculation
It's always fascinating when two giants square off for an epic battle ... in this case, the new Google Wallet vs eBay's PayPal. Google is close mouthed as usual, but rumors have been flying about a direct assault on Paypal and eBay forums have been busily speculating on the possible implications.
However, according to Google's CFO, Google does not intend to offer a "person-to-person stored-value payments system" like PayPal's, in which money briefly resides in PayPal's control during the transaction, but he did not give details of how the Google system would differ.
PayPal originally had all kinds of issues because it held onto money, which is supposed to be the function of a bank. Google may avoid this altogether, although without more details, speculation is pretty useless at this time. However, being curious humans, we can't help but wonder exactly what the Big G has in mind. Here is a thread that is quite interesting - although it could be 100% wrong. Only Google and The Shadow know.
http://blogs.forrester.com/charleneli/2005/06/google_wallet_m.html
Posted by SydneyJohnston at June 22, 2005 11:55 AM
Trackback Pings
TrackBack URL for this entry:
http://www.auction-genius-course.com/cgi-bin/mt/mt-tb.cgi/144
