Hi, this is Wayne again with a topic “Is Coin the new credit card? – Verge Update”.
The race to replace your wallet is officially on it started a few years ago, with Google Wallet and more recently, Apple pay, but there’s been other independent players like plastic and coin, taking a tangible approach with a single programmable card. After months of delays, I finally got my coin beta in the mail. It looks and feels just like a regular credit card, but it has an e-ink display and a button setting up coin involves a smartphone, the coin app and they’re included card reader. The process was a bit confusing at first in order to buy something with coin, you have to first pair your coin with your phone, then add various credit cards and debit cards, and then sync coin with your device to get your cards over. There are a few other hoops you have to jump through like entering your CVV and verifying your card, but once you understand how to sync one credit card, the process makes sense and once you’ve got the card synced, you just press the button to cycle through them.
We set out to do three real-world tests with coin first buying something at a drugstore, as expected. Coin worked without a hitch at a normal point-of-sale machine. Next, I went to get lunch so we’re here inside Cris where I frequently eat lunch and crisp has a membership card which I’ve got programmed into my coin and, what’s neat is you can actually nickname your membership cards? So I’ve got the crisp part here and I’ve got my credit card here. So let’s get some lunch. The cashier a crisp thought coin was really cool, but I could see how it would be confusing to some people who are used to seeing a specific membership card boom went through awesome and for our last test, I’m at an ATM machine right now and ATM machines. Sound like they eat your cards and I have no idea what’s about to happen.
If I try and take out money with the coin, but let’s see what happens all right should I know when you’re, it’s literally not reading it doesn’t want to eat this at all. Try a different machine Wells Fargo does not like the coin, so coin works as well as you’d expect it to anywhere. That takes credit cards takes coin. Well, my shopping street was cut short because it didn’t work at the ATM machine. Let’S go eat, .