One Card = One Wallet
A San Francisco start-up called Coin is a single device that could work as your entire wallet. The futuristic universal card can store multiple credit, debit, loyalty and gift cards, which you could toggle between by pushing a button on the card. In order to load cards onto Coin, you have to use an app on the phone with a included card reader, after swiping your credit cards, you would then use the app to take photos of the card’s front and back, and then enter the details. For security, it is password protected and stays connected to the phone via Bluetooth, which alerts you in case you left your Coin behind. It locks up automatically if it’s away from the phone for too long.
Although the disadvantage is that you would trust the start-up with all your important payment information, it could still be very useful especially for businessmen who need to use different cards all the time. Personally I think that it is convenient, creative, and innovative but also has a lot of room for improvement. Although the actual product costs $100 and the internal battery only lasts for 2 years, the pre-order so far has been really successful.
Bibliography:
Newman, Jared. “Costanza Wallet? Load All Your Credit Cards into One Coin Smart Card | TIME.com.” Time. Time, 14 Nov. 2013. Web. 17 Nov. 2013. <http://techland.time.com/2013/11/14/costanza-wallet-load-all-your-credit-cards-into-one-coin-smart-card/>.
Hamburger, Ellis. “Wallet Hack: Can Coin Replace Your Credit Cards?” The Verge. N.p., 14 Nov. 2013. Web. 17 Nov. 2013. <http://www.theverge.com/2013/11/14/5103820/coin-electronic-card-to-hold-all-your-credit-cards>.
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