Follow U.S. Investment Immigration and Life in the U.S.: On November 25, news reported that a U.S. electronic startup company named Coin has launched its first product: an electronic card that can store and manage up to eight debit cards, credit cards, and gift cards.
Users need to download various bank card data to the Coin card via a mobile app, and then they can use the Coin card to make purchases at stores that accept credit or debit cards, as well as withdraw cash from ATMs.
Sounds a bit risky? Many media outlets have expressed concerns about security, and TechCrunch raised a series of questions that received official responses.
Regarding the connection between the Coin card and the mobile phone, Coin's official measure is that if the Coin card is too far from the connected phone, it will alert the user through the phone, so if the Coin card is lost or stolen, it will stop working.
For issues related to phone crashes, Coin's solution is to trigger an emergency code to restart the phone in case of emergencies, allowing continued use.
Moreover, the card will be locked during use, preventing other cards from being accidentally charged.
Although it has raised security concerns, Coin has still achieved the expected results and continues to generate consumer interest.
The Verge believes that Coin has broad application potential and may outperform Square and Google Wallet.