Google Wallet May Compete With Paypal

theskeptic writes "According to the WSJ, Google plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay's PayPal unit. Codenamed Google Wallet, a payment service could represent a significant expansion beyond online advertising, which generated 99% of its $3.2 billion in revenue last year. Google's move could potentially threaten eBay's successful PayPal service, which generated $233.1 million, or 23% of eBay's revenue in the first quarter."

Comments

Various obligatory posts

[Council]

Obvious jokes:

Will the credit card numbers be searchable? (possibly including a wry link to the Google search for visa-format numbers that's so startling)

Well, I'm sure there'll be SOME aspect of my life Google doesn't know everything about.

Obvious theme of discussion:

Evil plot for world domination or Google just bringing helpful service?

Obvious joking twist on discussion of Google's evilness:

Well, even if they . . . whatever. I don't even care anymore. My life is a sham.