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We Asked And iPhone 3.0 Will Deliver: Micro-Payments

As Last 100 points out the recent announcement by Apple that the next version of the iPhone software, 3.0, will enable In App purchasing will be a huge boon for micropayments.

This is a huge step in the evolution of the iPhone platform towards a fully-fledged ecosystem. I also anticipate that it will bring about a boost in virtual goods.

Gizmodo thinks this is bad news, but meh, what do they know!