Copy and paste will finally arrive for the iPhone Friday, at least in a limited form of copy and paste between Safari and Mail, reports say. Pastebud is a new web-based service which uses a bookmarking system to replicate copy and paste, detouring the App Store by not installing anything. Two Safari bookmarks serve as copy and paste modules, allowing for selection of text and pasting into Mail or another webpage.

Though the service is limited to Mail and Safari, it should be useful for clipping web text and e-mailing it to friends or co-workers. There is no word yet whether the service will carry a cost. For more info, contact Pastebud via direct message on Twitter.