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Google Wallet: just the re-invention of money

May 27, 2011

You have to hand it Google, when they step up the plate, they’re going for the fences.

When they launched Google, it was with a pretty audacious mission statement:

Organize the world’s information. 

How is that for swinging for the fences?

Over the years, they’ve done some other audacious things:

Created a platform for phones that is free.

Create a maps system that syncs with phones and offers GPS navigation.

A couple of years ago, they decided to re-invent e-mail. E-mail was invented in the 60’s, when computers were the size of a small house. What if, they wondered, e-mail was invented now?

The result was Google Wave.

The first time I saw Google Wave, I was giddy. The notion of playback, of adding people seamlessly to the e-mail chain, of adding events, YouTube videos into e-mails without killing the flow — that really appealed to me. There is nothing more irritating than getting added to a an e-mail chain and having to read from the bottom up. I miss Google Wave.

But thankfully, Google is still swinging for the fences. Now, with your wallet. And a wave.

“In the past few thousand years, the way we pay has changed just three times—from coins, to paper money, to plastic cards.

Now we’re on the brink of the next big shift.”

Introducing, Google Wallet. Make your phone your wallet.

According to the Google blog;

You’ll be able to tap, pay and save using your phone and near field communication (NFC). We’re field testing Google Wallet now and plan to release it soon.

There is a new Google Wave coming. One in which we wave our phones at things to buy them. One in which you get coupons in store (without checking in). The seamless exchange of information.

Pretty cool.

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