‘Coin’ Card Replaces Cash, Credit Cards

By  //  November 19, 2013

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TECH WATCH: 'Coin' looks like a slick plastic credit card

ABOVE VIDEO: Coin is a Bluetooth card that can be used in the place of the cards in your wallet. Any card with a magnetic strip can be added to Coin, and a button on the front allows you to easily swap between cards.

THE WALL STREET JOURNAL – Dozens of startups hope to replace physical cash and credit cards with so-called digital wallets tied to smartphones. But one San Francisco outfit is counting on a smaller payments revolution: simply making a better physical credit card.

Coin announced it is making a credit card-sized device that can store information from other credit cards so that it can be used just like the stack of cards crowding wallets for everyday transactions. (Coin image)

Coin announced it is making a credit card-sized device that can store information from other credit cards so that it can be used just like the stack of cards crowding wallets for everyday transactions. (Coin image)

The company, called Coin, announced last Thursday it is making a credit card-sized device that can store information from other credit cards so that it can be used just like the stack of cards crowding wallets for everyday transactions.

“The consumer gets to keep their habits and the merchants can keep their habits,” said Kanishk Parashar, Coin’s chief executive, in an interview.

Coin looks like a slick plastic credit card, and can swipe like one, but stores account information about multiple credit cards that can be accessed through the single Coin card itself. Users load information from their existing credit cards into their AppleAAPL -1.21% or Android smartphones, which then sends the information to the Coin card using Bluetooth.

CLICK HERE TO SEE THE ENITRE STORY IN THE WALL STREET JOURNAL


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