Looks like Verizon is still at its “were not blocking Google Wallet but you can’t use it because we are blocking it” tricks again. Looks like a letter sent to the FCC about it shows they are still blocking it because they say it uses a “secure element” in the device. This sounds funny because when Google Wallet came out they said it was insecure and they didn’t want it for that reason, now they are saying sorry it’s too secure and you can’t use it.
But what this boils down to, Verizon is building their own mobile payments system and will most likely be using the same “secure element” in the phone and made so you can’t uninstall it unless you root and rip it out. I have Google Wallet on my rooted Galaxy Nexus and it works just fine, of course it says it’s not a supported device being a Verizon phone and rooted. Too bad Google doesn’t just make it available on the Play Store and disregard the block Verizon is putting on it.