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Could Google Wallet be Google's next failure?

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Paying without cards or cash...not happening as quickly as planned Paying without cards or cash...not happening as quickly as planned

Two-thousand and twelve was so supposed to be the year of the digital wallet. And Google was supposed to lead the way. But it looks like the Google Wallet app has gotten off to a bumpy start.

Six months after Google introduced Google Wallet, the app, enabled by near-field communications, or NFC technology, is still struggling to find carrier and device partners, as well as, retailers willing to support the new technology. And last week, the company temporarily took part of the Google Wallet application offline while the company figured out how to fix a security issue.

Could Google Wallet soon go the way of other interesting Google pet-projects like Google Labs, Google Health and Google PowerMeter? Those programs were all canceled after Google's CEO Larry Page said the company needed to focus on its core business and "put more wood behind fewer arrows."

"Google often jumps head-first into new projects, paddles around, and then decides whether it's worth staying in," said Michael Gartenberg, an analyst covering mobile for Gartner. "I don't think Google would pull the plug on Google Wallet entirely, but they may be slowing down and regrouping."

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