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Thursday, November 14, 2013
Cutting Edge Cashlessness
"Coin, a Y Combinator-backed startup, has started accepting
pre-orders for a device as slim as a standard piece of payment plastic
that can hold eight credit, debit, and gift cards in its dynamic magnetic stripe.
Paired with the Coin smartphone app via Bluetooth low energy, card
details can easily be swapped in and out of the device. A minimalist
user interface on the device itself allows the owner to toggle between
the loaded cards and then swipe just as they would their ordinary card.
All card details are encrypted (both on the device and in the smartphone
app), and the device's on-board battery is expected to last for two
years of typical usage. No support for chip&pin (EMV) yet, so this
may have limited utility outside of the USA. They expect to start
shipping in summer of 2014."
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