Tuesday, June 09, 2009

splashing some cold water

from the Time series on Twitter:
It is important to remember that millions of Americans do not have credit cards and many do not have bank accounts. Using Twitter as a way to transfer money would makes local businesses into simple versions of banks.
It is also important to stop and think about this.

How likely is it, that someone without a bank account or a credit card is going to have and use an iPhone or other portable device to enable this transaction?