Firm lets you buy stuff with your mobile
YOU'RE IN THE middle of town, and you’ve lost your trousers. How do you keep doing that? Oh god, they’ll definitely prosecute you this time.
You’ve asked a few kind looking strangers for help but no-one can spare you any clothes. Spare change seems to be out the question too.
But hang on, you’ve still got your mobile in your shirt pocket? And there’s fifty quid on it!
“You’ve got money stored on your mobile phone?” says Stinky, your new homeless best friend and confidant.
“D-uh!” you say, “It’s the not too distant future, and everyone has a bit of money stored on their mobile.”
Thank god you transferred fifty quid from your bank account into your Beem account. You were supposed to have used it to settle your phone bill, by texting a simple command. But thank God you didn’t because now you can use the money to get a cab home.
But you can’t find a cab to take your money. “Why not, it doesn’t cost traders anything to accept money by Beem,” you say. “All you need is Internet access.”
“Oh we got a Beem account alright mate,” says the mini cab controller. ”But you stink and we don’t go south of the river after midnight.”
It looks like you’re going to have to spend the night snuggled up in a cardboard box with Stinky.
But hang on, surely you could use this Beem account to text some money to the local 24 hour Tesco, buy some shit trousers, then walk back to to Broadwick Street and sleep on the office floor.
Sorted!
“Can you spare me some change,” says Stinky, as you stride purposefully off to the shops.
“Get a job smelly,” you say. Let’s hope this Beem thing is secure though, eh? µ
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Loved the article. Informative, funny, and gave a good example of this tech in practice while voicing practical fears about theft.
I don't know about the rest of the world, but this payment method has been available for years in Estonia. It's called mobile-payment. I have only used it a couple of times, to buy Transit passes. And yeah - some cabs and shops also accept this payment method.
This is big new. Does this Estonian mobile-payment solution have a UK patent. Is it in a position to launch to the UK market and/or franchise out into other countries?

YES. It is called mobile payment... CORRECT. That is the catagory underwhich Beem falls... Cars are called cars. Some are better some are worse. Wouldn't it be better to drive a Beemer?

To buy transit passes....? Brilliant. With Beem you can buy anything provided the person your buying it off has a mobile.


To the writer of the article.
1stly you are awsome.
2ndly you don't need to keep £50 in your account for emergencies - you simply need to have your bank account attached so that you can text the GET CASH command to BEEM and withdraw X amount of money instantaneously.
3rdly the taxi company does not have to accept beem (although it helps). The driver simply has to have a mobile phone number (with or without a beem account) and then any funds transfered to his mobile will be in waiting for him in his beem account once he makes one using that same mobile.

Beemer
This presentation differ from other blogs...It is good.
Regards,
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