PayPal Gets Upset

Posted: May 28, 2011 in Convergence, credit card companies, Google, NFC
Tags: , , , ,

I have mentioned PayPal in not one, not two but three different posts. Yesterday PayPal got upset and filed a suit against Google. It’s the usual stuff about stealing employees and with them intellectual property. What it is really about is Google daring to attack PayPal and PayPal getting scared. I suspect this is a pointless battle. Lawyers will make money but otherwise progress will march on. The system will get more streamlined and efficient. PayPal will ultimately disappear or get merged in with an electronic wallet system. It’s not like this is the only attack on PayPal. The credit card companies are also starting to offer PayPal type services.

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