Google has a new in-app payments product in private beta. Current users of Jambool’s Social Gold found about the product, which will most likely be formally launched at this year’s Google I/O in May. Google acquired Jambool back in August.
Time and time again, critics have said that Google can’t create a successful social product, and pointed to Google Buzz, Google Lively, and Google Wave as evidence. Google can buy successful social products, however, and it’s reportedly done so again today by acquiring Jambool.