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by sergiosgc
4341 days ago
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> Google only holds power over those swaths of people who surrendered some aspects of their lives to Google No. Google wallet is, as of now, an unacceptable payment processor for me. Its existence, however, precludes other competitors from entering the space. As such, even if I do not use Google services, its power still affects me. For a reduction to the absurd, imagine Google wallet a payment processor monopolist, or a duopolist (with PayPal). |
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Amazon and Paypal are still both way bigger than Google Wallet is. I sincerely doubt that anybody looking to get into the payment processing industry is saying "crap, we can't do this because Google already does". They're worried about competing with Paypal. Hell, even Bitcoin is accepted at more places than Google Wallet is, from my own life experiences.