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Another discussion: https://news.ycombinator.com/item?id=6770398 https://news.ycombinator.com/item?id=6770398 From the top of the other thread: "Let's clarify
by footpath 13y ago
Another discussion: https://news.ycombinator.com/item?id=6770398 https://news.ycombinator.com/item?id=6770398
From the top of the other thread:
"Let's clarify some things here, before the comment threads take off too much:
- This is a prepaid card. It does not proxy other cards, unlike previous rumored versions of a Wallet card.
- It only draws from Wallet balance. Funds can be added to wallet balance via various means (bank account [free], receiving a GMail P2P payment [free], credit cards [2.9% fee]), but this does not happen automatically.
As such, it does not appear to be trying to achieve the same "card replacement" that e.g. Coin is. No, it is simply providing another way to get at Wallet balance that doesn't involve transfer to a bank account or NFC payment. Could be useful for people who make use of GMail P2P payments."
- anigbrowl 13y agoThe P2P has the potential be quite disruptive to Paypal.
- kin 13y agoIMO Venmo (which Paypal bought) is an excellent P2P service so Google's P2P is more of a catch-up than anything disruptive.
- anigbrowl 13y agoI don't disagree - I'm thinking og G's marketing muscle and huge synergistic opportunities rather than any technical superiority. Of course, those also come with the risk of antitrust action but it'll be interesting to see how this plays out.