Dotnaught writes: "A newly published Apple patent application describes a way to coordinate interpersonal cash distribution. Using a device like an iPhone, a person could request cash and a nearby participant in the system could respond, meet and provide, say, $50, for a $50 electronic credit, a $5 fee to Apple and a $3 reward for the cash provider. Is there a need for this given the ubiquity and lower cost of ATMs?"
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