Coin, a new credit-card-sized device that behaves like a single credit card but can be used for many different accounts, is on the market. Coin is a connected device that consolidates multiple credit, debit, loyalty, and other card accounts and information in one card, and can be swiped to pay. Last week, we asked if you would use a device like this.
A majority (60%) of readers said they wouldn’t use a device like Coin. The remaining participants were split between “Unsure” and “Yes.”
One respondent said, “Using such a device would be convenient, but if that account got hacked, it would take everything in one shot.”
Another reader said, “Maybe eventually, definitely not right away. I like to let other people take the risk and get the bugs out.”
Other responses included:
“I am increasingly nervous about identity fraud and this approach seems to exacerbate the risk.”
“Seems like a solution looking for a problem.”
“This has to be a hacker's dream! All your info on one card, including debit accounts! Wow, that makes it so unsafe and unwise for anyone to use this!”
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