And who pays for the cell phone calls? I do like the general idea, but I think a different system would need to be devised. For one, most phones don't work on CDMA and in most foreign countries CDMA phones would be useless anyway. Europe is shifting from GSM to GRPS, most Asian countries are gearing up for 3G and Japan is looking at testing 4G in field trials early next year, as does Korea.
So, maybe the better way to go would be to have the whole tansaction take place over the internet instead. Meaning, e-gold makes a deal with a telco. You send an SMS with your and the merchant's e-gold account number and the amount. The system replies with a provisional batch numer to which you add a passcode and reply. The system will then credit the merchant's account and SMS him that the transaction went through. Total cost of transaction: about $0.75 and internationally workable, independent from syytems, cell phones, telco generations, chip cards, etc. And nobody has to buy any software. A single patch with a passcode generator can be sent once again - through SMS. Less fancy, but way easier, and more likely to find wide-spread adoption if you ask me... Cheers, Robert. budget & privacy website hosting http://www.cyberica.net budget & privacy domain registrations + mail http://www.u2planet.com/cfdomaintrust.html --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
