The credit card that'll replace all your plastic is almost here [View all]

[KamaAina]

https://shopping.yahoo.com/news/the-credit-card-that-ll-replace-all-your-plastic-is-almost-here-230054545.html

When Coin released the first video of its über credit card, the response was enormous.

After 40 minutes, even though it was still just a prototype, 1,000 people had evidently forked over $50 for the super-slim electronic device that stores multiple credit card numbers and lets you use any of them with the mere push of a button. That took the company past its $50,000 pre-order goal. Just a few hours later, it had received a massive 20,000 orders for the device, which slides through checkout-counter card readers much like any other piece of plastic. Within two weeks, more than six million people had viewed the launch video that sent Coin viral. Apparently, there’s an awful lot of pent up frustration over the supposed problem of a wallet stuffed with too many credit cards....

Parashar says the main challenge to getting more Coins out the door has been scaling up manufacturing while working to ensure the devices are secure and can work everywhere. In the Coin office, tables teem with credit-card terminals of every make and model, each with its own idiosyncrasies that Parashar says the company is trying to tease out before making Coin available to everyone. “They’re almost the same but slightly different,” Parashar says of the many terminals users might find at checkout counters. “We have to be the super-set.”...

Right now, Silicon Valley is sure that traditional ways of paying belong to the past, but no one has quite figured out payments’ definitive future. If Parashar can get enough Coins out the door, that future could have one more candidate.

"working to ensure the devices are secure". If you believe that, I've got a bridge I'd like to show you.