Verizon today issued a formal statement on the situation surrounding Google Wallet and the Galaxy Nexus. As you’ve probably heard by now, it has been found that Google Wallet does not come loaded on the Samsung handset. We, along with a handful of other blogs, interpreted this as the carrier stepping in and saying no to the app and feature. As it turns out, Verizon is not blocking Google Wallet, nor would they even think of it.
Google Wallet is different from other widely-available m-commerce services. Google Wallet does not simply access the operating system and basic hardware of our phones like thousands of other applications. Instead, in order to work as architected by Google, Google Wallet needs to be integrated into a new, secure and proprietary hardware element in our phones.
We are continuing our commercial discussions with Google on this issue.