Well this certainly doesn’t surprise me as Google seeks out a way to make revenue from something other than their advertising…See Article: Report: Google to Start New Payment System - Forbes.com
Most of the money they make now comes from Adwords and Adsense revenue. Billions are made each year… But that’s an unstable rock to be standing on long term.
You never know what can happen in the online world. One good idea can shake and destroy business models.
Knowing Google they will have their own brilliant spins and ease of payments… Something… something will be unique and different that will attract people away from the likes of PayPal. There has to be or they wouldn’t be attempting to break into this area.
They do have a much larger global reach than Paypal and are much more aggressive so it’ll be interesting to watch.
I think Google is unbelievable to watch as they ad service after service and product after product. It’s unreal how they provide developers the flexibility to use their data via API.
They are about offering a lot of services and products, but at the same time they are building a flexible business model that inables anyone to interact with them & find a lot of uses for their services and data.
Exciting stuff!
-Matt Levenhagen
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