According to a filing at the U.S. Patent and Trademark Office, Amazon (AMZN +0.86%) could be gearing up to launch an anonymous mobile payment network. Not only would this move take direct aim at eBay's (EBAY 1.76%) PayPal unit, it could potentially threaten Google (GOOG 1.23%) as well. In this video, Motley Fool contributor Steve Heller weighs in on the filing and what other plans Amazon may have up its sleeve.
About the Author
Covering GE and 3D printing at the intersection of business, investing, and what it means for the future of manufacturing. Contributor since December, 2012.
Stocks Mentioned
Alphabet
NASDAQ: GOOGL
$352.80
(-1.23%)-$4.38
Amazon
NASDAQ: AMZN
$247.45
(+0.86%)+$2.11
eBay
NASDAQ: EBAY
$115.14
(-1.76%)-$2.06
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.




