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Today, Fring is taking its iPhone app to the next level by bringing support for video chat. Nokia added this feature to some of its devices last week, and the new version of Fring is now in the app store. Fring is free and you can download it here (iTunes link).
Watch this video to see what the service looks like:
Fring notes that as soon as front-facing cameras exist for the iPhone or iPod touch, two-way video conversations will be available -- just like they are on some Nokia devices.