Monday, October 01, 2007

Google bank

The CNET News blog is reporting that Google Checkout could evolve into a bank.

Google in Malaysia is offering AdSense payments to be made through Western Union, according to the Ades blog That news was noticed by Steve Arnold, author of The Google Legacy and Google Version 2: the Calculating Predator, and pointed out to Bear Stearns analyst Robert Peck.

“We believe that the AdSense system is capable of morphing into a quasi-bank, particularly in regions with less robust monetary systems,” Peck wrote in a research note Monday.

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