Google Offers Trimmed Down Online Storage Cost for Picasa

On Wednesday, Google announced the considerable slash in the price of online storage for users of its Picasa photo editing and sharing application.

With the price decline, the Picasa users can now obtain 20GB of online storage capacity -- sufficient to store more than 10,000 shots taken with a five mega pixel camera -- for $5 a year.

"Since most people have less than 10GB of photos, chances are you can now save all your memories online for a year for the cost of a triple mocha", said Google.