Latest in Coin

Image credit:

Coin stores info for multiple credit cards, aims to slim your wallet down (video)

3 Shares
Share
Tweet
Share
Save

Sponsored Links

What you see in the picture above promises to be the one credit card to rule them all. It's called Coin, and while it looks like any other traditional plastic, it's actually an electronic device that stores all your CC info in one package. Since Coin relies on data stored on its companion app, you'll need to scan your cards using the accompanying phone/tablet dongle and then take their pictures. When we asked its creators what prevents people from scanning someone else's plastics, a spokesperson told us the system only accepts those with the user's personal information. Now here's what's nifty: unlike NFC tech that requires special hardware, Coin will work with any credit card swiper. Also, it sends an alert to your phone if you stroll away with your frappuccino having left it on the counter.

The bad news is that the device is not yet ready for center stage -- the startup, fresh out of YCombinator, seeks to raise $50,000 via crowdfunding for mass production. A Coin will retail for $100 when it becomes available -- the firm hopes to make its first shipment by summer 2014 -- but anyone willing to take a chance on the project can preorder one now for $50. As for those it's failed to charm, you can always wait for other advanced payment systems, like ones that use fingerprints and custom phone cases.

Source: Coin
In this article: coin, CreditCards, finance, ycombinator
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
3 Shares
Share
Tweet
Share
Save

Popular on Engadget

Samsung appoints Roh Tae-moon as its new smartphone CEO

Samsung appoints Roh Tae-moon as its new smartphone CEO

View
Jennifer Aniston lands Apple TV+ a SAG award for 'The Morning Show'

Jennifer Aniston lands Apple TV+ a SAG award for 'The Morning Show'

View
ESA opens plant that turns moondust into oxygen

ESA opens plant that turns moondust into oxygen

View
Opera accused of offering predatory loans through Android apps

Opera accused of offering predatory loans through Android apps

View
Huawei will use TomTom for maps now that it's cut off from Google

Huawei will use TomTom for maps now that it's cut off from Google

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr