Go grab your wallet out and open it up. Go ahead, I'll wait...How many transactional cards do you see? Chances are high that you carry 3 or more debit/credit cards in your wallet. You have a personal debit card, a few credit cards, a company card, etc. Although thin, the swiping cash monsters bulk up your wallet. And when it's time to make a payment, you have to dig through your wallet like a gold miner, looking for the appropriate card that the transaction corresponds to. Fortunately, it doesn't have to last much longer. Dissatisfied with the mentioned aspects, Kanishk Parashar and his team have produced a simple, yet technologically advanced, solution for the problem.
Enter Coin, the only debit/credit card you'll ever need to carry with you from this point on. Coin is a slim and stylish electronic card that provides you the opportunity to store up to eight debit/credit cards within it. What does that mean? It means you no longer need to carry all of your credit and debit cards in your wallet. Instead, you carry one Coin. The process is simple and quick. By using a Coin provided tool, you scan all of your cards into your smartphone. Once you have designated which cards you want to input, a simple swipe of the Coin transmits the noted cards directly onto your Coin. Once transmitted, the technology on the actually card kicks in. A simple use of the button, along with the screen found on Coin, allows you to switch from one card to another, letting you choose the correct card for payment.
Having the opportunity to down size my fat wallet is an exciting thought. Coin will become a popular piece for individuals looking to centralize all of their credit and debit cards, whether personal or for business. At the moment, the big concern is security. The FAQs on Coin's website answer specific questions in that regards. Potentially, I'm intrigued to see if the crew at Coin will add the capability of using rewards and gift cards to the process as well.
Overall, the idea of a smaller wallet and a centralized card POPs.