Verizon Wireless is planning on introducing a brand new $50 monthly prepaid this weak in an effort to edge in on MetroPCS and Sprint-owned Boost and Virgin Mobile. The $50 monthly prepaid is said to include unlimited text, talk, and web according to the Wall Street Journal. The new plan, which fair launched back in April as “Unleashed” in limited markets, will be available to customers in Verizon stores, Walmart, Target, and Best Buy. As of right now, the new plan is much cheaper than Verizon’s current unlimited talk and text prepaid option, which currently costs $94.99 per month. “This is a very competitive market, and we want to make sure we have a price portfolio to fit a greater number of customers,” Verizon Wireless spokeswoman Brenda Raney said. “In these times there are some people who would prefer living on a prepaid plan.” As of right now, Verizon’s competitors charge the following: AT&T’s GoPhone service offers the same unlimited option and costs $50 per month. Virgin Mobile’s service costs $55 per month although they are cheaper options for customers who want fewer minutes. MetroPCS offers a nationwide unlimited plan for $45 per month but customers can also opt for a  more expensive 4G prepaid package. Boost Mobile’s service costs $50 per month but can drop as low as $35 per month as part of its “monthly shrinkage” perk for making on-time payments. Are you or is anyone you know considering this deal from Verizon? If so, leave us a comment below and let us know! As usual, stay tuned for more info on the topic by following us on Facebook, Twitter, and/or subscribing to our RSS feed. Authors: