Google Checkout is going the way of the dinosaurs. We're going with the "evolved into birds" theory for this metaphor, as the redundant Checkout has been merged with Google Wallet. Both services accomplished similar goals, and seeing as Wallet has become a primary focus of Google, the elimination of Checkout sounds like a no-brainer. Those using Google Checkout will be prompted to shift their account to Google Wallet, a process that should be easy enough.
[via Google Commerce]
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Google Benches Checkout in Favor of Google Wallet