Apple Mobile Banking System Lets Users Borrow Money From People Nearby

Apple Mobile Banking System Lets Users Borrow Money From People Nearby
technology

A patent application reveals plans for a peer-to-peer lending platform.

Ryan Gerhardt
  • 4 february 2013

We’ve all had this happen to us at least once: you’re out and about, doing your shopping or hanging with friends, and you realize you have no cash. The place you’re at/going doesn’t accept debit or credit cards, and the nearest ATM that you can use without a ridiculous surcharge from the machine (and your bank) is ten blocks away.

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