App Idea – Turn iPhone’s into Public Hot-spots

So you already know that you can turn your iPhone into a hotspot, but a PUBLIC one? that anyone can use?

Here is the idea.

Its an app that allows you to create a public hotspot that anyone can access with NO password. But for the user to access the hotspot, they need to watch a 10 second video advertisement.

Video ads pay anywhere form $30-80 CPM (cost per thousand impressions).

The app provider can organize rev share with its users, so that they get a percentage of the advertisement revenue (say 50/50).

This could be a great additional revenue stream for cab or bus drivers, or just a great way to offset your phone bill costs.