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Like Apple, Google is developing its own debit card: Report
In a move similar to its big-tech competitor Apple, Google is purportedly developing its own physical and virtual debit card, according to a collection of leaked images given to TechCrunch late last week.
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The normally packed “Googleplex” in the Silicon Valley city of Mountain View is quiet as tech titans asks employees to work from home to fight the spread of novel coronavirus on March 12, 2020. (AFP/Glenn Chapman)
O
n Friday, TechCrunch published a series of leaked images that suggest Google is working on creating its own Google-branded physical and virtual debit card.
In a move similar to its big-tech competitor Apple, Google is purportedly developing its own physical and virtual debit card, according to a collection of leaked images given to TechCrunch late last week.
Future customers with the smart Google Card will be able to make payments online, with their phone, or with the actual card which can allegedly be co-branded with different banks like CITI and Stanford Federal Credit Union.
Read also: Kids section with 'Teacher Approved' apps coming to Google Play Store
Leaked pics reveal Google smart debit card to rival Apple’s https://t.co/Jd1PmOFajI by @joshconstine pic.twitter.com/3SCAzddTrh
— TechCrunch (@TechCrunch) April 17, 2020
The associated bank account will be able to be monitored on a complementary mobile application on which owners can track their purchases and balance, and even lock their account. If all goes according to the company’s plans, this card would become the foundational payment form on the Google Pay platform.
Such a product and service has the potential to swing open the door to the company becoming a major fintech business which, considering Google’s current ecosystem of popularly used apps, services, and hardware products that collect data on consumer behavior, could be a smooth transition.
On the other hand, if such a card is received by the public in a similar fashion as Facebook’s jump into digital currency, Libra cryptocurrency, Google could face economically damaging scrutiny along with severe customer distrust.
