Leaked Images Reveal Google Working on Apple Cash Card Competitor

[mnsportsgeek]

So innovative
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Is there a single thing Apple doesn't copy? Like jailbreak tweaks they've blatantly ripped off and baked into iOS? Or things from Android?

It goes both ways. Choice and competition is not bad for consumers. Not everybody has an iPhone.

As long as the morons recognize it goes nothing ways then sure.

 

[temptee]

In 5-10 years we'll have the pleasure of having our transactions declined and our digital wallets locked due to breaching vague and confusing terms of service. Social credit type systems trickling through, drop by drop.

But hey look at how shiny and fast our new toys are! 🙂

 

[827538]

Who in their right mind would trust Google with their financial information?

We all have this idea that we would see tyranny coming in the form of a new Nazi party with some comically evil leader. But the reality is, it already started with the advent of Google chipping away at our privacy to the point where you have none left.

I would probably pay $2000 to have my entire digital life completely gone from the internet - not that I have anything to hide but I don't think we really considered the consequence of giving up everything for free to companies devoid of any moral compass.

 

[jlseattle]

LOL we'll see how long this lasts. Will it be like every failed google product? Remember the google Facebook competitor?

 

[nikhsub1]

I kind of trust Apple with my privacy/security. Google not so much.

 

[google]

They have been working on this since last year with Citibank. The project had stalled as it was due around Oct 2019.

 

[Spishak]

I would never get this. I simply do not trust google.

 

[mi7chy]

Unless there are benefits, perks, lower fees/rates, etc. what's the point of opening and managing yet another account?

 

[alexandr]

apple should make a dildo just to see if google will follow.

 

[fumi2014]

Coming soon.

TrustCard ™ from Facebook.

 

[Bug-Creator]

Hey Google, here is my social security number, date of birth, mother's maiden name, address, who do I work for, which city was I born in, etc...

Most likely answer by Goggle: "you swapped 2 digits in your social security number, and we know you will be fired tomorrow so you may want to correct that too".

 

[Exile714]

Hey, another way for online advertisers to try to sell me products I recently purchased and don’t need anymore because I... just bought it.

 

[Black Magic]

Agreed, you couldn't pay me to use this today (now that I'm older and wiser (hopefully)). That and Google has conditioned me to expect them to give up on products I integrate into my life and rely on.

I'm with you. I used to be a huge Google Fan back in the day but the constant introducing a product and dropping it turned me off. Microsoft is similar as well.

 

[dontwalkhand]

Come on Apple Cash physical card as well! With ACH and Routing Number ability to be able to pay rent with and get direct deposits with!

 

[mistasopz]

Is there a single thing Google doesn't copy?
It's embarassing to see this non-innovation from the richest tech company in the world.

So you're saying Google time traveled to the future, copied Apple, then went back to 2013 when they released the same thing in the form of Google wallet?

 

[BWhaler]

Yeah, that’s exactly what I want.

Google spying on my every purchase and where may it.

Worst. Idea. Ever.

 

[JMO1]

Apple Cash hasn’t really taken off. Venmo still holds supreme here, Apple just never really made this feature front and center via marketing.

 

[Jakexb]

Classic google: try and fail to get into a new area of business, then wait for Apple to show you how to do it correctly, then copy Apple

 

[alexandr]

Unless there are benefits, perks, lower fees/rates, etc. what's the point of opening and managing yet another account?

none whatsoever. i'm sure there will be perks, otherwise how would they expect people to join?..

 

[deputy_doofy]

So...another case of Apple showing how things should be done after another company tries it and fails?

There's a lot of truth in this statement. People seem to forget that, in many cases, Apple wasn't first. Just best. Of course, when they are first, they usually shine. The iPhone is a great example of that.

 

[mattopotamus]

So they're basically brining back the Google Wallet format.
For those that don't remember. Back in 2013 Google had a MasterCard backed debit card (physical and Virtual) that did the same thing.

Actually still have it sitting in an old wallet.

 

[Northbynorthwest]

It's not their first go at making a cash card. They tried a few years ago with Google Wallet. It didn't take off then and they ended operations, while sending everyone to this online bank named Simple, and give them a $20 "account warming" credit to entice them. I was one of those users.

 

[Allpaul]

Nobody is going to say "Competition is good"???

 

[rochford]

Nobody is going to say "Competition is good"???

Check the very first comment.

 

[bigchrisfgb]

A pre-paid card would not offer much benefit. With a credit card you are atleast getting access to a line of credit and often, better consumer protection.
I honestly think Google would struggled to gain people from the likes of PayPal if all they are offering is a pre-paid card.

In my opinion, they and Apple should both open their own fin tech bank. Both companies would easily be able to finance the launch or purchase of one.
They might see a problem in traditional banks no longer accepting Apple Pay/Google Pay as they are a competitor, but they would both see a vast increase in customers.

Fintech banks like Starling and Monzo in the UK, both work very well and are largely superior to traditional high streets banks in many areas.
As it happens, in my opinion it’s the North American markets that are crying out for these challengers banks to disrupt the market.