Coin Aims To End Fat Wallets With Single Card Solution

By  |  November 15, 2013
 | 

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.

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    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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