It looks like Google is preparing to launch a service to rival PayPal, i.e. secure online payments. And the service looks set to be called GBuy.
If this is true, this would be a major development for Google and one that would fit perfectly with their existing business model and could prove lucrative when run against their existing franchises.
For, Google could use GBuy to support AdSense, Google Base, Googe Video, Google Music (when it comes) and more. If the rumours prove true, PayPal should be concerned.
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