Google Wallet

Google Wallet !!!!!!

First, i think Google will relase online payment system just like pay-pal. Then they immediately go for VOIP to traditional phone calls in Google Talk so that they cash in the money through Google Payment.It looks like that Code name for Google Online Payment system is called "Google Wallet".
Eventhough Google is declining it, then what the heck is needed for registering “Google Payment Corporation” in California on April 13,2005.
Since Microsoft acquired Teleo today (http://www.teleo.com/ doing voip calls from PC to traditional phone lines @2cents per min) , Google is planning to the release the Web System for Online Payment and VOIP through Google Talk really fast. Now they stopped the downloading of VOIP software from Teleo and closed the services to the existing customers.Also they are rewarding 10$ credit to each one and the remaining unused $). The big giant started giving free $$$ bec google is on the way. Microsoft was forced to buy Teleo .
When I checked the calling rate to india in Teleo, it is 12 cents per min somewhat higher. For calling US, it is only 2 cents per min. Also it includes around 5$ monthly charge. By acquiring Teleo, the big fatty giant is planning to include of making voip calls in the next MSN messgenger release. Only Google has the ability and power($$$,media support and people crazy about google products bec of big giant domination, simplicity and perfectness in their products) to stop the big Giant who initially controlled the entire IT industry. Also Google does not have too much Security Patch releases once/thrice in a week.

Why the Big Giant needs to buy a small piece of company Teleo only with 25 employees (http://www.datafuse.net/page.php?news=603) ?, it is all because they already integrated Teleo software with MS products like Outlook,Internet Explorer etc for making VOIP calls. Soon, Microsoft will upgrade the MSN Messenger new release with VOIP facilities.

One thing for sure is that because of competition between Microsoft and Google over VOIP, Calling to Traditional Phones through internet will be relatively cheaper with excellent quality than conventional phone lines.

I feel that Google Wallet is in Testing Stage, it looks like they will be having official release during any time in September 2005. After Google Wallet released, They will incorporate VOIP changes in Google Talk immediately.

Also they registered the website www.googlepayment.com with the domain registration at InterNIC

Go Google !