Google checkout can be direct competitor to paypal

What i was thinking that we have seen so many webmasters on forums doing trading and use paypal for money transactions . As we all we know that Google allow only checkout for their own services and doesn't supports any other payment gateway like paypal and other .

Google is such a big giant that what ever they do they make and develop their own services and stuff . May be in future Google may also start providing their checkout facility to adsense users to . Now think about this what if Google provide you service in which they will directly transfer your adsense money to your own checkouts account and the minimum payout amount will be reduced to $50 . Than you can transfer them or you can also use it to buy stuffs online or use it in adwords too .

This will be like a dream come true for webmasters and soon this gateway will be too much popular like paypal and others and create some problem for them too as a great competitor . If this will happen in future than may be Google can enter in banking sector too .