Google I/O made an announcement which is, users can now
send money as an attachment. It’s a major and spectacular addition to its email
service. Sending and receiving money was never this easy.
According to information, to send money all
that a user needs to do is just use the dollar symbol in the attachments and
write down the amount of money. One can send money to even those who do not
have a Gmail account.
This feature will be available soon to the US Gmail users above 18 years old, but
there are some people in the US, who are using it already. Even you too can
activate this feature only if somebody who already has it sends you money. It
has to be added here that Gmail already lets its coveted user to attach
documents, photos, event invitations and videos, and the latest inclusion in
that list is money. Cool eh?
This money transaction system works with the Google Wallet, and it can be accessed
after it’s compiled with a bank account of the user. It can also be used if
credits are added to a user’s Google Wallet Account. That’s not all, users are
allowed to choose to connect their account with a credit or debit card, but in
this feature they will be charged with 2.9% fee per transaction.
But this money transaction feature of Google
is expected to pose a threat to e-commerce companies like Venmo, which offer
money transfer feature through Android
and iOS apps, which are currently dominating the US market. The main advantage that Google has is its
large number of trusted users, so the feature might catch on really fast.
Google I/O is an annual developer conference,
which was held by Google in San Francisco, California. Google I/O was started
in 2008. The "I" and "O" stand for input/output, and
"Innovation in the Open". The format of the event is similar to that
of the Google Developer Day.
The integration of Google Wallet and email is
predicted to have huge potential provided people are willing to trust the
service. If you have this feature, then to access it first you have to compose
a new email, and then click the attachment button, and finally select the
dollar sign button. Few days back Google unveiled ‘Talking Shoe’ with Adidas.
There are some issues too with Google Wallet
which need to be discussed here. One of the major problems is none of the
merchants are currently adopting the product due to security and trust issues. Another
supreme hurdle for e-money transaction system at a widely global level is KYC
(Know Your Customer) norm. Google will not be able to deal with these types of
serious issues for international transfers.
Google also announced that Android hit 900
million activated users in 2013.although, Sundar Pichai,
the senior vice president of Android, Chrome and Apps, said that there are
billions of people in the world and that they have a "long way to
go."
Everyone knows about Google glass. However
it’s not release yet in many countries although, there is good news for Google
glass users that Facebook, Twitter apps coming to Glass.
Google is getting into music subscription business with a service that resembles Spotify and Rdio. For
$9.99 per month — or $7.99 per month if you sign up by June 30 — you get
millions of streaming tracks on Android devices and Web browsers, along with
artist-based radio stations and personalized recommendations.
Do you like this article and want to stay updated with all the Latest Current Affairs updates? If yes then please take a second to Subscribe via Email or join our G+ Community. You can send your queries, suggestions to us by accessing this Contact Us Form, or you can play Current Affairs 2013 Quiz too.
About the Author
Aranyak Ghosh is a blogger from Kolkata, India. Apart from Blogging, he loves to watch action movies, and football games. He mainly writes about social media affairs and recent changes in technological world.
Get Free Email Updates to your Inbox!
Hi! I just want to offer you a huge thumbs up for the excellent information you have got here on this post.
ReplyDeletewe Provide Tenders Information Provider,
I’ll be returning to your site for more Soon.