Verizon quietly starts new lower priced carrier Visible; unlimited talk, text and data is $40 a month
The data speed tops out at 5 Mbps, and most videos are shown in 480p resolution (DVD quality). There is no data consumption cap that triggers throttling and there is no contract to sign. Payments can be made using PayPal and Venmo. Right now, Visible is compatible with unlocked iPhone models only.
It seems strange in a way that Verizon is starting up a new carrier that undercuts itself price-wise. But Big Red did lose 24,000 postpaid phone subscribers during the first quarter, and while we don't know where these former Verizon subscribers ended up hanging their hat (or should we say phone), Visible is an attempt to keep these subscribers under the Verizon umbrella.