New Way to Pay: One Coin for all of your cards

This is a short video that introduces what a “coin” is: https://www.youtube.com/watch?v=w9Sx34swEG0#t=48

Coin is designed to be a universal card holder that has all your cards in one- including credit cards, gift cards, membership cards, loyalty cards and any card that can be swiped. (The Coin app can hold unlimited cards, but the actual coin can only hold up to 8 cards.)

With the size of a standard credit card, Coin holds a point of difference in having an interface that lets one cycle through his or hers stored cards, which ultimately solves the problem of a fat wallet. “A small screen displays your name, expiration dates, card security codes, and anything else a merchant needs to verify the transaction, with the exception of a signature,” describes the Bloomberg Businessweek. On top of that, this innovative technology has a lifespan of 2 years and is said to be waterproof.

Personally, I see Coin as an opportunity for the future, yet there are quite a few issues surrounding it. For example, Coin is only limited to American users as of now, plus there are high risks involved where coin may be rejected by credit card issuers/ network, or ,even worse, the customers who remain dubious on this novel concept.