Verizon may have blocked the Google Wallet app from their Galaxy Nexus all this time, but it didn’t stop people from installing it anyway. Sideloading, through the browser, or even just coming pre-loaded with custom ROMs, there were many ways to get it installed. The thing is, it would work just fine.
Now, it seems that either Verizon or Google has fully blocked the app from working with the Verizon Galaxy Nexus. It will give you an error when opened, like shown in the photo, but when you hit update, it will tell you that your device is not compatible. What a shame.
There are already a few fixes around (hit the source link and look in the comments, or you can Google to find them), but it’s just too bad that they would do such a thing to us. Carriers really do have too much power.