Google Wallet + Facebook apply for banking license

[knightcoin]

Google is a search engine, that's what they do better than anyone else  ... they could be better amazon/ebay and find/match a potencial buyer to a potencial seller ... if they going to spend their resources trying to be bank, soon another search engine will take over their position ...

[hyphymikey]

Isn't Google Wallet backed by your credit card? Credit card chargebacks are far easier than a double spend, so why would a company need guaranteed credit at point of sale? There is no such thing as guaranteed credit besides cash in hand. Therefore google wallet doesn't seem to be any better to me than bitcoin.

Anyways, by the time google wallet really catches on (its been out for a good while now) the bitcoin community will have solved the micropayment and quick confirmation problems.

[bigasic]

Hmm, so it looks like Facebook and google will become good ole banks? I know that google has a jump start, In my state they have a money transmitter license. But, since both google and facebook reach so many people across the globe, it does make sense.. Add bitcoin and maybe a couple of good Alt coins to that.. Bingo.. they are in business..