I hate paypal!

[Schultz]

Well thats still just specuation from people. As no at Google person has made a remark that its true. Some have dubbed it "Gbuy" or Google Wallet. But it may or may not be like Paypal. The google thing may be like you can buy small services for website.. IE. Say if you want to read something on a Subscription based website but you don't want a subscriptions. You could use Google wallet to make a micropayment to the website and get the small article. The website wouldn't have to use CC processing or anythign so the fee's wouldn't be there etc.. better yet let me find an article about it. Very interesting to see what will happen. Competition is always good.. Maybe paypal will reduce there fee's a bit if googles thing is real and it does come out.
http://news.com.com/Open+your+wallet+to+...ag=st.prev

also remember this whole article is speculation as no one knows for sure because there has been no offical announcement from google.