Google wants to be your wallet

In recent months, with the release of Google Plus, and numerous other ventures, we have raised the question of whether Google is the king of the online network world. Now Google is pushing to make its way into your everyday life outside the online world as well.

The next step in this evolution is the technology giant becoming your personal financial assistant, of course the software will be known as Google Wallet!

The idea is, you carry all those credit cards, and everyone has a cell phone that they always carry, so why not replace the need for carrying all those credit cards, and use a single application on your cell phone. Instead of swiping a credit card through a reader, you will wave your phone accross the terminal.

You might already see the next interesting twist in this process. What operating system will this application run on?  The Android OS, the one that Google controls, of course.

So far the application is only available on the Nexus S 4G on the Sprint network.   Google began rolling out the application this week to owners of the Nexus S.  According to a recent New York Times article, Google says it is talking with all the major Android phone makers.

Currently the Google Wallet is partnering with the MasterCard PayPass network. By going to the Google Wallet website you can punch it your zipcode and see where the service works in your neighborhood.

What's next for Google?

We often made jokes about Microsoft digging deeply into our wallet. Looks like Google has gone one step further, they are planning to become our wallet.

We have all heard the investment advice of not putting all your eggs in one basket.  Is anyone getting a bit concerned about not putting all your tools in one wallet?

What will be the next Google tool to make its way into your life?

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