01/25/2011 11:51 am ET Updated May 25, 2011

Verizon Launching New $30 Unlimited Data Plan For The iPhone

Verizon will offer a $30 dollar unlimited data plan for the Apple iPhone -- but just for now.

When the much-anticipated phone launches in February, customers will have the option of purchasing an unlimited data plan, according to the Wall Street Journal.

"I'm not going to shoot myself in the foot," COO Lowell McAdam told the Journal. "Not offering an unlimited plan would put up a barrier for customers who might otherwise switch from AT&T."

But the deal will only last for a short time--McAdam went on to say that Verizon would switch to a tiered system, much like the one AT&T has in place, eventually. But the company will also rid themselves of the $15 dollar for 150 MB pay model for mid-range smartphone data usage, ushering those users up into the $30 tier, according to Engadget.

Anticipation of the iPhone has held back subscriber growth as eager Apple-ites wait for their shot at the Verizon version of Apple's smartphone. There are also questions surrounding the Verizon network's ability to withstand the data burden the iPhone could bring--AT&T has said Verizon iPhone users should be "ready for life in the slow lane."

Find out everything you need to know about the Verizon iPhone here.