Google Wallet was once considered to be the only potential competition for the Paypal system. While that is still the case, Google has recently unveiled several changes in an effort to win the war that is currently rocking the online world in regards to digital wallets. While the idea of making purchases online with your credit card is nothing new, the ability to do so in a secure and fast method is still evolving within the consumer world.
The change in the system works in a way that users who own a smartphone that have a special computer chip can simply load a credit card or debit card directly into their phone app, and then make purchases directly from their phone. Normally, in the case of both the old Google Wallets system and Paypal’s current system, users had to go through several verifications in order to secure their credit card number as their own, while avoiding the potential threats that come from credit card fraud, which has run rampant throughout the world of online purchasing.