According to a filing at the U.S. Patent and Trademark Office, Amazon (NASDAQ:AMZN) could be gearing up to launch an anonymous mobile payment network. Not only would this move take direct aim at eBay's (NASDAQ:EBAY) PayPal unit, it could potentially threaten Google (NASDAQ:GOOGL) 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.
Erin Miller has no position in any stocks mentioned. Fool contributor Steve Heller owns shares of Google and eBay. The Motley Fool recommends Amazon.com, eBay, and Google. The Motley Fool owns shares of Amazon.com, eBay, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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