The Coin Card Stores All Your Cards in One Place
Mesel Isaac — November 15, 2013 — Tech
References: onlycoin
The coin card is the perfect solution for those who find themselves encumbered with too many cards.
The coin card will cost $100 and allow you to store up to eight cards, the mobile app however, will be able to hold an infinite amount of cards. To add a card all you do is take a picture of your card and then swipe it via a small device—they provide—that connects to your phone. The coin card uses Bluetooth that allows the card to send a message to your phone saying you've forgotten it and, if your coin card can't detect your phone after a certain amount of time, it will deactivate itself.
With all the different cards we carry -- debit cards, credit cards, gift cards, membership cards and loyalty cards -- it's easy to see why someone felt the need for something like the coin card to exist.
The coin card will cost $100 and allow you to store up to eight cards, the mobile app however, will be able to hold an infinite amount of cards. To add a card all you do is take a picture of your card and then swipe it via a small device—they provide—that connects to your phone. The coin card uses Bluetooth that allows the card to send a message to your phone saying you've forgotten it and, if your coin card can't detect your phone after a certain amount of time, it will deactivate itself.
With all the different cards we carry -- debit cards, credit cards, gift cards, membership cards and loyalty cards -- it's easy to see why someone felt the need for something like the coin card to exist.
Trend Themes
1. Mobile Wallet Solutions - The trend of mobile wallet solutions like the coin card is disrupting traditional payment methods by consolidating multiple cards into one digital platform.
2. Convenience and Portability - The trend of creating compact, portable devices like the coin card addresses the need for convenience and consolidating everyday items.
3. Bluetooth Connectivity - The trend of using Bluetooth technology in devices like the coin card opens up opportunities for seamless integration and communication between devices.
Industry Implications
1. Financial Technology - The financial technology industry can explore the disruptive potential of mobile wallet solutions and enhanced payment methods through compact devices like the coin card.
2. Retail - The retail industry can benefit from embracing mobile wallet solutions and offering convenient and secure payment options like the coin card to enhance the customer experience.
3. Technology Accessories - The technology accessories industry has the opportunity to develop and market compact, Bluetooth-enabled devices like the coin card to cater to the growing demand for convenience and connectivity.
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