PayPal and eBay Sue Google Over Mobile Phone 'Wallet'

Wow, lawsuits from PayPal and eBay already? That was fast!

Google faced a lawsuit on Friday hours after it unveiled a free mobile application that turns a smartphone into an electronic wallet and is designed to replace plastic credit cards. PayPal and eBay filed a lawsuit in a California state court Thursday charging that the Internet giant tapped into trade secrets for its newly released Google Wallet. Google did not immediately respond to the allegations.

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