New All-in-One Card Could Replace the Wallet
(SAN FRANCISCO) -- A single “Coin” in your pocket might help you pay all your expenses. That’s the name of an all-in-one digital card made by a San Francisco-based company also called Coin. The idea is that this smartphone-connected payment card would replace all the plastic people lug around with them now. It would act as a credit card, debit card and gift card.
Sounds great, right? Well, some people are worried if they lose their Coin, it would present a huge problem. Coin, the company, has got the security issue worked out with a feature that quickly disables the single card.
But before it hits the market next year at a cost of $55, there are other bugs to work out. For instance, if your phone’s battery dies, Coin is essentially rendered useless until a charge-up. One other thing probably can’t be helped: when people inadvertently leave their phones at home.
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