Verizon: We aren't blocking it, we don't block apps, it's a licensing thing
Google: we they didn't want it on the device
Translation: Google asked Verizon if they wanted ti license it and they said No.
It's pretty simple.
I think all of you should go read Jerry's editorial from the other day about weather this is a real Nexus or not
http://www.androidcentral.com/verizon-galaxy-nexus-really-nexus-you-betcha because there is a gem in there that you don't seem to get:
Right now The ONLY device with Google Wallet (officially) is the Sprint Nexus S. No other phone (including the GSM Galaxy Nexus) has it without hacking it on.
And weather we like it or not Verizon has every right not to license it if they choose not to, just as they have the right to but *gag* Bing on their phones of they so choose..
This has nothing to do with Google wallet and everything to do with LTE connectivity and getting the dang devices to activate.