A new electronic payment device that incorporates a consumer’s many credit cards into one card will soon hit the market, The Wall Street Journal reported on November 14.
Coin, the company behind the as-yet-unreleased product, indicates that Coin can store any kind of payment card, including credit cards, debit cards and loyalty cards. Cardholders scan cards into their Coin using a dongle and a smartphone app transmits the data to the device via Bluetooth.
“The consumer gets to keep their habits and the merchants can keep their habits,” Kanishk Parashar, Coin’s CEO, told the Journal in an interview.
To learn more about Coin, read the full story here.
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