Google's new wallet app to compete with Apple's Passbook. Do you trust digital money?

IvaBigWun

Google is bringing its digital wallet to the iPhone in its latest attempt to upstage Apple on its own popular device.

Today's release of the Google Wallet app represents a challenge to the Passbook program that Apple has built into the iPhone's operating system.

Both Google Wallet and Passbook allow iPhone users to store loyalty cards from some merchants and scan coupons offering discounts.

Google Wallet also allows its users to send money and make purchases on some mobile websites by storing a debit or credit card account on the app. Payment information can also be stored in Passbook.

The arrival of Google Wallet on the iPhone comes a few days after a similar version was released to smartphones running on Google's Android software.

The higher-priced iPhones tend to attract more affluent consumers who are more likely to spend money through their devices, one of the reasons that Google is eager to connect with Apple customers.

Google has previously sought to outshine Apple's built-in iPhone apps with its digital maps and a mobile version of its Chrome browser.

By getting people to use its services on as many devices as possible, Google hopes to make more money by selling more digital advertising.

http://www.dailymail.co.uk/news/article-2425772/Google-Wallet-Google-digital-wallet-app-launches-iPhone-compete-Apples-Passbook.html


Do you trust digital money? All the cash just floating around to be hacked? I barely trust online shopping and use PayPal 90% of the time

BattleCorp

Bitcoin is already in use and it seems to work fine.

Great for paying for dodgy stuff online.

Fr_Dougal

Google have enough info on me, they're not getting my bank and cc details.

BBDBB

of course, what could possibly go wrong?

Cienciano

Do I trust "digital money"? Of course. Not many people get paid cash anymore.

shedweller

Cienciano wrote: »

Do I trust "digital money"? Of course. Not many people get paid cash anymore.

Yes but not onto their phone with all the risks that go with it.

Karl Stein

How is it digital money?

IvaBigWun

Charlie Rock wrote: »

How is it digital money?

It's in cyberspace. I don't trust money I can't see.

mfceiling

Still hard to beat the feel of a wad of notes in your hand...

*may or may not all be fivers*

diomed

I am confuse.

Maximus Alexander

IvaBigWun wrote: »

It's in cyberspace. I don't trust money I can't see.

Do you not get paid directly into your bank account?

shedweller

Maximus Alexander wrote: »

Do you not get paid directly into your bank account?

Id like to see the difference between getting scammed from your chip and pin vs money on your phone.
There is some level of insurance with your chip and pin afaik but im unsure what level of cover there is with digital money on your phone. Perhaps somebody can clear that up?
And also, cash doesn't stop working when you drop it on the ground. That alone would stop me from giving up cash.

anncoates

Google account is linked to a credit or debit card so it's that that gets fleeced so in theory it's no different to being skimmed?

kowloon

I've bought and sold stuff with bitcoins already, worked quite nicely.