A P2P Network for Bikes

Via Wired News:

A P2P Network for Bikes- Thousands of commuters in Lyon, France, are using pedal power instead of gas, under an ambitious new program that lets people rent bikes from public racks at low cost. It's kind of like peer to peer for public transport.
The rent-a-bike scheme, called Vélo'v Grand Lyon, is open to anyone armed with a credit card. It costs 1 euro ($1.20) an hour, but there is no charge for the first 30 minutes. Since 90 percent of trips take less than half an hour, most subscribers pay nothing.....Read more.