"coin" debit/credit/gift card.

[Pantless Spency]

who's gonna get one?
i'm tempted, it seems to damn awesome/baller/convenient.


i wonder what powers it, and how long the life of the battery is.

[Hooffenstein HD]

That certainly does look convenient.

[Mr. Tasty]

Yea, I am not going to let another 3rd party company have all my financial card numbers.

[Mr_Tripp]

Yea, I am not going to let another 3rd party company have all my financial card numbers.

Yep, this is exactly what I was thinking. Maybe if some one with a little more history did it such as visa or amex. How do I charge it?

[UNHCLL]

Battery life is estimated at 2 years, if you swipe/change the selected card of use somewhere around 20x a day.
When the battery goes bad, you must replace the card. There is no "recharge."

[myinfernalbmw]

It just seems like a convenient one stop shop for criminals and other would be ne'er-do-wells.

[UNHCLL]

I don't believe company "Coin" actually holds any of your card information? They validate it through the app on your phone, and everything is stored on the Coin/your Cell phone.

[august125]

I preordered one a while ago. I'm excited to see how it turns out.

[AndrewBird]

Their website has a lot more info. It only works if it is within 25 feet of your phone. If it loses connection for your phone, it deactivates and becomes unusable until your phone is in range again.

They also don't store any card info on their servers, it's all stored on the card.

Thing is, it's $100.

[delatlanta1281]

This is dumb. If you can't keep track or manage a wallet with credit cards, you shouldn't be allowed out of the house.

[mrsleeve]

what happens when your in a out of service area for your phone and need to make a purchase. I am assuming the phone needs to be connected to the internet to make this all happen right

[Shangsta]

I still skeptical then there is this

http://money.cnn.com/2013/11/17/technology/innovation/coin-startup-credit-card/

[bmwman91]

This is dumb. If you can't keep track or manage a wallet with credit cards, you shouldn't be allowed out of the house.

Truth

[agent]

The FUD is strong in this thread.

Reposted from a user on my local forum who pre-ordered one:

• You will be able to reactivate your Coin even if your phone is dead by tapping in a "Morse-code-like" password using the button
• Coin will track how many times your card is being swiped and tell you if someone is using it when it isn't near you
• Coin can "auto-lock" based on proximity such that you can swipe, but cannot change the card that is selected -- so a waiter or waitress can't accidentally switch your payment method when you pay your bill

There are EMV concerns though:

Customers located outside of the U.S.: Coin does not support EMV yet. If the country you live it requires it we recommend holding off your purchase for now.

All the major card brands will be standardized on it by the end of 2015 in the US, I'd wait until they can handle this very critical tech. I believe that this is what is killing [Google] wallet as well.

http://en.wikipedia.org/wiki/EMV#United_States

Wallet/NFC was supposed to be the next hotness, though that doesn't seem as likely as it was a year ago.

[AdironRider]

There was a good article somewhere recently that focused on the overlying problem with technology startups. 99% are creating solutions for problems that don't exist.

This seems like the best example.