A pay model for twitter?

An interesting development from the States is reported by Kevin Anderson in the Guardian this morning.

US start-up Social Cord has launched a service to easily allow fans of bands, brands and writers to pay for and receive premium content via Twitter and SMS

writes Kevin

This is how it works

If you are a fan of a band or blogger, you simply register your mobile phone number via a simple web form. As is standard for mobile sign-ups, you will be texted a PIN. After entering the PIN via the web, you're ready to go. A fee is added to your mobile phone bill at the end of the month. You are then sent link to special content via SMS, Twitter or both to download or view special content.