Verizon issues statement about lack of Google Wallet on Galaxy Nexus

Verizon Wireless has issued a statement concerning the lack of Google Wallet on the forthcoming Galaxy Nexus smartphone.

Apparently, Verizon does not feel that Google Wallet is secure enough of a solution, noting that the carrier will come out with its own mobile payment system in the future. In our eyes, that is a thinly-veiled way to protect its own ISIS mobile payment system that is expected to launch next year. Here is Verizon's statement in its entirety:

"We're working to provide expanded services that will provide the best security and user experience in the market around m-commerce. We expect to provide access to an open wallet when those goals are achieved."