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My mind has been blown
CVPS_Chris
Member, Patron Provider
in General
Again, lets stay on topic here....
I can honestly say I am impressed with such an idea that I had to share it. I want to meet the guy that invented it and give him one big high five. Tell me what you think! Its only a 2 minute video
Comments
Not gonna lie I've been eyeing that thing for a while. It's pretty darn sexy.
While it does look nice i still don't trust and don't like to use cards. Cash is the king.
I pre-ordered mine a while ago... I think it's going to be great!
Odds that they will deliver it on time?
So it basically allows one to "duplicate" a credit card? Imagine all the possible fraud it is capable of.
I don't think you understand our current setup of cards. It is really really really bad.
Mun
Awesome! Shame I can't use it here, as we've started to use the more secure chip rather than the magnetic strip...
Actually it has some decent security features. You have to provide significant additional information to verify your identity to activate the first card, and then you can only add cards that link to your identity. You can't really just go swiping cards and adding them to it at will. It also deactivates itself if there is no signal from your phone for a set amount of time. They really thought it through pretty well.
No, I don't. I don't really trust credit cards, and I make sure all my debit/prepaid cards need a PIN to use.
In that case then it seems nice. Not clearly explained in the video.
The only thing that is weird that it doesn't ask for your name or address when ordering just your credit card # the CVV on the back and your zip & email.
But all I got to say is the concept is awesome.
Cough https://onlycoin.com/?referral=VVclsenU Cough
Did they charge your card?
@mpkossen I was thinking the exact same thing. Every debit/credit card I've got is chip.
ironic......
Won't let me hit thanks twice...
They did.
I ordered this, then realized I really didn't need it and they were super nice and they gave me a refund no questions asked.
Be curious to see if they price the product higher once it's actually available. Thus giving an incentive to the folks who have prepaid.
https://onlycoin.com/support/faq/
Q. How much does a Coin cost?
A. Each Coin costs $100. For you early adopters there is a very limited quantity that can be purchased for $50.
Ah, very good, just the way it should be. I think the whole concept is great.
I'm so tempted to buy one..
My mind has been blown too. I had no idea you guys still swiped your cards.
Oh I really should get it. I've lost my Paypal card at least twice last year... I'm bad with remembering where I put things
Unfortunately this will soon be obsolete by the likes of Square et al. Super niche product (I'll definitely grab one) and great for those of us that arb the hell out of every rewards program.
Hey thanks for mentioning Square. Now that looks cool.
.... PayPal has a card!
Not in australia, can't get a skrill one here either
Square is great (I use it for local clients) but it still requires the card to be swiped (well, you can manually type it in, but the fees are higher and it's impractical)... so I fail to see how this is going to be obsolete?
I was specifically referring to Square Cash, not the Square reader (that's old tech anyway).
Well considering I loose mine as soon as I get them, I don't have one either. I'm waiting for the day when I can just pay with my phone..
Already can do that. My dad has his iphone 5s connected to his card somehow. (Pay by visa pay wave) bud with his phone instead of card.
Problem been, $100 limit. No pin needed nothing..
I would get one of these coin things but I only have two cards it's not really worth it.
I'd love it. The only problem is, all our cards here are chip and pin ... So unless they deliver it with a chip, it is a no go for me.