Coin to Issue 10,000 Beta Cards This Fall
The highly anticipated Coin card will be placed into the hands of 10,000 additional beta testers this fall. A version of the card has already been in test for some time, but only 1,000 people were in the program. This new round of testing will open the doors for a lot more users.
We first introduced Coin in November of 2013 when the all-in-one credit card was first available for pre-order. Coin is a revolutionary smartcard and app that stores the information for up to eight credit, debit or gift cards. It combines the functionality of a mobile wallet with the swipe-ability of a standard credit card. Coin can act like any one of the cards you load onto your account, and you can switch back and forth between cards with a simple touch of a button.
Those 10,000 users may seem like a lot, but it is far below the number of pre-orders Coin has. Coin sold 20,000 units in the first five hours it was available online.
Coin can be used everywhere magnetic cards can be swiped, including dip-style card readers and ATMs.
The Coin app will also be making its debut soon so all these new users can set up their Coin account. The app is set up for both iOS and Android, and is expected to have a multitude of downloads before the card officially hits the market.
About Bill Hardekopf
Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.