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I'm a sucker. I jumped in. All credit cards in one card.
#19
Matt,

I like the idea of it. One card to rule them all. Coolness. But, I'm not interested because it is dependent on my phone. If they made it in a manner that I need to use my phone and mobile app to provide it card data and then it worked as a stand-alone device, then they'd be on to something.

Meaning, when I'm at homer my office and it's convenient to enter data, I enter data and send some card info to it. Then, when I want to use it, I break out the card. Done. No phone necessary. The current design of Coin doesn't allow for this.

Still, it's nifty and I'd actually consider getting one just to see if it is workable. I wouldn't necessarily pay $100.00 for it. Heck, I'm not convinced it's worth $50.00. $25.00? I'd buy one without giving it a second thought.

There is another unanswered question. How do they make money? The Coin card appears to be a one-time purchase that lasts a long time. After I buy it, they don't get a dime for me. Unless they charge for the replacement when the current coin runs out of juice. Then, it's another purchase that lasts a long time.

Maybe they'll charge a small monthly fee for the privilege of using the card? I can see that happening in the future. For many people, the sheer convenience of not having to carry a slew of cards would make it a worthwhile expense.

Robert
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Re: I'm a sucker. I jumped in. All credit cards in one card. - by Robert M - 11-15-2013, 12:44 AM

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