Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand

Today the USPTO published an Apple patent application that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there's no ATM nearby.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/dS5jtG4vrP4/

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