Coin: a universal payment card that tidies up your wallet

CoinWhile various market players are wagering for non-physical payment methods, U.S. start-up Coin has come up with a surprising alternative: a universal payment card that can modify the data on its magnetic strip with lightning speed!

For players such as Google, PayPal and Square, it’s quite a challenge to widen the adoption of non-physical payment methods. Not without reason, because they are in fact trying to solve a problem that few people really consider a problem.

It remains a stable element in the physical purchase process: waving your card around. However, the most frustrating part is having a wallet full of cards: a credit card, bank card, Air Miles card and a tanking card. This is something that Coin intends to change.

The Coin card is a universal payment card that can modify the data on its magnetic strip with lightning speed. This means you can equip the pass with all your debit and credit card data, so you only need to bring along a single card. A smart interface has been integrated in the card that allows you to directly change cards.

Interested parties can now order a Coin through the company’s website for $50.

Europeans might have to wait a while due to our preference for chip-based payment cards. However, Coin has indicated it is currently busy developing a European version of its card.

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