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Comment by mmanfrin | Hacker News Reader

  Coin was a company that stood by it's products

I definitely had a different experience than you did. Preordered a coin, 2 years later still had not arrived and yet the world had moved on from magnetic stripes.

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I had completely forgot I preordered a coin until it showed up. By that point I had no use for it. Literally have not used it once.

Got any loyalty cards or gift cards? That's what I used mine for.

Got the original Coin, it was defective and I was sent another one. I used it on a transaction and it charged a card different than the one showing on the display. By then most of my frequent buys were at stores that take chip cards so I stopped carrying it. Still waiting for my Coin 2.0 that should have shipped in Q1.

> the world had moved on from magnetic stripes

Here in the pacific northwest, a rather high-tech area, perhaps one out of ten shops/merchants I use actually supports some manner of NFC payments, while everyone supports magnetic stripes. Any payment mechanism that only works with NFC is DOA for me.

I think they meant chip-and-PIN, not NFC.

Ah. In that case: perhaps two out of ten of the shops/merchants I use support (but don't require) chip-and-PIN. But yes, any new payment mechanism based on magnetic stripes should absolutely support chip-and-PIN.

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