Beginning confirmation of Google Wallet

There is a waging battle between bit coin and other crypto currencies yet regulators have taken down MT  Gox who was generated out of Japan and they filed for bankruptcy,

the edge and negative connotation of Bit coin has had its day and has opened to door to accept a electronic currency and I still believe that is Google Wallet

to add reinforcement to my belief 

Listen to what Martin Armstrong has to say:http://armstrongeconomics.com/2014/06/19/google-the-new-bank-rollover-bitcoin-banks-its-the-internet-revolution/

GnS+Research

From Armstrong Economics:

The real birth in electronic money is not Bitcoin, but Google Wallet. Standing in line at Starbucks you will see the under 25 crowd pay with their cell phones. Sorry, but Google is already there. Bitcoin cannot compete nor will traditional banks. Just as Amazon reduced book publishers to a subservient role at their direction, and book stores went out of business, while the internet is rendering newspapers obsolete, the trend to pay attention to is Google Wallet, which is targeting the traditional banks.

Google has launched in the US market its electronic purse known as the Google Wallet. This form of electronic money enables users to pay for the internet as well as a rising number of stores like Starbucks. However, Google Wallet also allows you to send and receive money. In Europe, the search engine already has a banking license and could start at any time. Because Google’s Android operating system runs on many smartphones, the company has the ready market globally. Google Wallet has the best conditions to establish their electronic money in Europe including Germany and Switzerland than any other system. The younger the generation, the greater the market share Google already has in place. Extending their business into banking will be much easier than anyone anticipates. Google is poised to emerge as a bank that nobody seems to quite appreciate at this time.