In the electronic age of PayPal, mobile devices, credit and debit cards, carrying cash is becoming rarer. Even rarer are establishments who don’t accept credit or debit cards.
But, what if you could replace all of that plastic bulking up your wallet with one device? Suppose you could also use that device with peace of mind that your transactions were secure? If you answered ‘yes’ to these questions, you might be interested in the Universal Coin Card.
The Universal Coin Card, also known simply as Coin, is an electronic device that stores information from an unlimited amount of credit card accounts. Coin is the same size as a traditional credit card and allows you to use your smartphone to swipe cards you’d like to store on the device. While it allows you to store an unlimited amount of card accounts, it only allows a total of eight active accounts.
Additional features of Coin include:
- Accepted at any checkout or ATM that takes a magnetic stripe card
- A signature strip and the user’s name appears on the back of the device for added security
- Last four digits of credit card accounts and expiration dates are stored on the device
- Coin goes into “lock-down” mode if it’s lost or stolen
Early adopters who pre-ordered the cards in 2013 paid just $55. Today, you can pre-order for $100 through the company’s website.
Sophy, Joshua. “Coin Could Replace All Your Credit Cards – Nearly”. Smallbiztrends.com. 12/3/2014.