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by fooqux
4341 days ago
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>Its existence, however, precludes other competitors from entering the space. 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. |
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The whole point of the walled garden is that, in order to be able to access a customer base, you have to play by the rules of the gatekeeper (and pay the toll). I'm not comfortable with a market model where the only choice is what garden you want to be in.