google to challenge paypal with a money service?

[mouser]

http://online.wsj.com/public/article/SB113918924045565647.html


i spoke many months ago about a rumoured micropayment system from google..
i wonder if this is it.. if so you can bet that we will be trying it right away.  i dream of a day when its easy and safe for people to make micropayments to each other without much thought, i think it would imrove the world.

on the other hand i'm not as big a fan of google as many people.. it seems they eventually want to do everything and have a competing product or service to take over every existing thing on the planet..

[allen]

I, for one, am looking forward to it.  While PayPal gets the job done, I've always strongly felt that it only marginally lived up to its potential.  Kudos to them for being the ones to break first soil in online donations and direct person-to-person exchange of money . . . but I think a little competition, as is always the case, will be great for us, the consumers.  Here's to progress and price wars and the ever-expanding force that is google.  It's only a matter of time, their corporation will be an empire.

[mouser]

i'm a big fan of paypal but i'm curious to see what google has in mind.

[allen]

It could be good for PayPal fans -- if google puts together a great system, as I expect they will, PayPal may have to streamline their service a bit more and, who knows, take less off the top where transactions are concerned