Swiping and spending with Coin 2.0

January 26, 2016
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There’s a card for just about everything: credit, debit, gym memberships, you name it. Carry them all and it quickly adds up to one bulky wallet. Coin aims to change that with the new Coin 2.0, a smart card that will replace up to eight of these antiquated plastic bookmarks. Coin 2.0 works just like a regular credit card with millions of merchants, and can be used at ATMs, gas stations, restaurants, and just about anywhere you can use a credit card.

Coin 2.0 has improved on its predecessor in a number of ways. It has a new E-Ink display, a push button to switch between cards, and NFC so you can tap to pay, just like a mobile phone. It’s also 8 percent thinner than before, so it shares the same form factor as a regular credit card, and it is also equipped with an EVM chip to work with pin readers. On top of all this, Coin 2.0 brings new security features, so if it’s within range of your phone it will automatically unlock. If you do not have your phone with you, a combination can be tapped into its button to unlock it if needed. The Coin app also shows you its last known location on a map.

To load cards onto Coin 2.0, you plug the provided card reader into your phone’s headphone jack, and launch the free Coin app. Swipe your card through the reader, add the requested information, and choose the color of your card to be displayed and a four-character nickname. Once you’re done, hit “sync” in the app, then hold Coin 2.0 next to your phone while holding in the card’s physical button.

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