Google is making new changes to its payment service, Google Wallet. Now, users that use Google Wallet can spend in confidence knowing that from now on, their Google Wallet funds are now in banks with FDIC insurance, making your digital credit safer. What this means is that if Google goes bankrupt (we can’t see that possibly happening) your finances are legally safe and you won’t have to go to court to get them back. Some other payment services only offer fraud protection (PayPal) but Google has now set the bar higher. We expect PayPal to match this idea so that they can keep their loyal customers happy and continuing to stay with them.
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