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WHY BANKS ARE THE BIGGEST CON MERCHANTS ON THE PLANET
seahorseleisure - Thu, 28 Dec 06 :
Could this replace cash in the future. Very Interesting!
AND FREE SHARES!! Worth a five minute look!
Below is a link to a company called txtchq which has developed a SMS based money transfer system.
The company is testing the concept using virtual cash (so no bank or credit card details are needed) and, similar to the free share issues of the internet/dot com boom, is giving away shares as part of this exercise.
Also, you can gain extra shares through referring people.
Apparently this is a very effective micro payments system so if you are a web designer or hoster then it is worth looking at.
I very much like the idea and concept and would like other views.
The image below pictorially explains the concept
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