By Joe Levi | January 4, 2011 12:23 PM
Some people work hard for their money, others work “smart” for their money, and still others make their money work for them. Banks, on the other hand, let your money work for them. Google, it seems, is making further in-roads to becoming a bank.
Google began offering Google Checkout as a means to pay for goods and services over the web, very similar to how PayPal works. With the introduction of Near-Field Communication (NFC) in Android Gingerbread and the Nexus S, we began to wonder if Google intended to essentially replace your credit card with your Android-powered phone.
When Gingerbread details began to come out it looked as if payment via NFC would not be included. However, with Google purchasing Zetawire, a company that has a US patent for an end-to-end method to pay for stuff in person using a smartphone.
The question now isn’t if Google (via Android) will offer an NFC payment solution — but when.