Anyone else see this? I just pre-ordered one, pretty slick little card.
Link —> Coin
thats pretty slick!
hmmm that is pretty cool… when do you expect to see it
it’s a preorder, they are suppose to be out summer 2014. if you preorder they are $50, but if you wait they’ll be $100
i did a pre order on the nomad key charge cable thing for my iphone in september and they said they will ship out in late october but now they are saying late november idk feels like a allstar tactical kinda of deal to me
Card is pretty neat!
I wish more places would just start using NFC payment systems so I can just use my phone. Most of the gas stations etc I go to offer it so I just tap my phone in order to pay.
However not something you can do at a restaurant that ive seen, not yet anyways
really cool, but as a broke ass, ill just keep the two extra cards in my wallet instead.
Does anyone use cash
While I like the idea, I don’t like that it only lasts up to two years because the battery isn’t chargeable or replaceable. I’d rather save the $100 and deal with a thicker wallet.
Someone will take it apart and find out how to replace the battery. No biggie.
Biggie:
so youre spending $100 of your money to spend your money? Makes no sense to me.
Haha excellent point
Think of it as a wallet pjb. I wouldn’t spend $100 on it but the preorder is $50 so ill give it a try
I preordered it too. Sorry guys.
Now all u gotta do is pre-sell the Cadillac
Got rid of cadillac. Pre ordered 800 coins.
Coin won’t work if your phone is dead: Yup. The current iteration of Coin “locks up” if it’s away from your smartphone for more than 10 minutes … or if your phone’s battery has run out.
It’s a security measure to ensure that you don’t lose your card, which is a valid concern. (Your phone will even send you a notification if you do leave your Coin behind at a bar.) But having to depend on battery-guzzling smartphones in order to pay for dinner is an obvious problem.
The company is working on a way to let users re-activate Coin from the card itself, even if a phone is far away or out of juice. But that feature hasn’t been worked out yet.
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Credit card companies might nix it: Coin hasn’t secured approval with any of the major credit card issuers and networks it hopes to work with, nor has the company gotten a sense of whether the industry would embrace it.
Parashar said Coin has had “some conversations with some credit card companies,” but he wouldn’t reveal whether they were major issuers or how they felt about his product.
Why hasn’t Coin had more wide-ranging discussions? “We’re a really small company, and these are really large banks,” Parashar said. “We will talk more when Coin is further along.”
But one could argue Coin won’t get further along if nobody wants to partner with it.
If major credit cards see Coin as a liability or ripe for fraud – after all, the actual issued card isn’t being presented – Coin would be sunk.
Even the mighty Google (GOOG, Fortune 500) received an industry wrist slap in August 2012, when it expanded its mobile Wallet program. Google said all major credit cards had signed on, but American Express (AXP, Fortune 500) fired back with a statement that it hadn’t approved a partnership and was still learning about Google’s technology.
But Parashar insisted he has “no concerns” that credit card companies won’t endorse Coin. The product already encrypts credit card information, he said, and Coin is working on “two more features to curb the possibility of fraudulent activity.” Visa (V, Fortune 500), MasterCard (MA, Fortune 500), AmEx and Discover (DFS, Fortune 500) either declined to comment about Coin or didn’t reply to requests.
Merchants might be stumped: Coin’s design is slick, but it really doesn’t look like the familiar old credit cards merchants are used to accepting. No raised-up numbers. No hologram.
“When we pay with Coin in San Francisco, as part of our testing, we are always accepted gladly,” Parashar said.
And while it’s true that other new mobile payment solutions like Square are becoming more common with retailers, it’s easy to see how merchants outside of the Bay Area tech scene might be skeptical of a credit card that doesn’t look like anything they’ve seen before.
Yet Coin doesn’t plan to reach out to merchants to facilitate a nationwide rollout.
“We don’t plan to go out of our way to educate the merchant world about it, because we’re focused on the consumer side,” Parashar said. “And anyone who works on the merchant side is also a consumer anyway.”
Yes. Cash is accepted everywhere.
:rofl
Where is the Cadillac now
If major CC companies have yet to show interest or approve of the product, why are people going nuts and begging them to take their money on this “coin”?
and lets get real. No one is going to get rid of their physical wallet for this “all in one innovation” which is the whole point of this thing.
On the other side of the pond, people have been using NFC for years for this type of convenience…not sure why this country is having such difficulties with that
I see Mcdonalds and cocacola vending machines with NFC but not much else