This story is from http://google-blog.dirson.com/post.new/0382/.
Google announced it will be launching its service called Google Purchases which will work like E-bay. I think it will be soon enough until Google launches its own pay-pal service by just extending its Ad-sense payment scheme.
It seems Google has speed up its world domination by taking a piece of every service imaginable, i think with this pace its hard for Google to do no evil.
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