Googles New Micropayment System: Your Wallet Online

| Total Words: 1000

Googles diligent attempt in becoming a leader in e-commerce is unstoppable! After its success on launching various services such as Google Base, Google Earth, Google Store, Google AdWords, Google Video and many others, the search giant is still keen on spreading its wings. This time around their aim is to try their hand on online payment services.

Since early June of last year, various rumors had been circulating on the net about Googles new payment system. Although the exact plans and details of Googles new service remains in the shadow, millions of online enthusiasts all across the globe were running on fevered pitch trying to uncover the mystery behind Googles so-called payment system dubbed the Google Wallet.

Fortunately, the yearlong mystery will finally unravel since Google Inc. announced that they are set to launch their highly anticipated payment system this week, possibly as early as Wednesday or Thursday. Naturally, its main objective is to make shopping online faster and more convenient. But even before its launch, the search giants new service seemed to be facing various obstacles already.

One of the biggest obstacles in its way is the risk of...

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