Coin is not the future. This is important to make clear right off the bat. The future of payments will look much more like Apple Pay than it does Coin. In the digital age, there is no reason we should still have to carry paper money or plastic credit cards in the United States. We do it because we have to; the government is behind the times and banks are behind the times.
Paper money and plastic credit cards will not exist in the future. Sadly, it maybe be decades before that future is truly realized.
In the meantime, smartphone and wearable-based payment solutions like Apple Pay are in their infancy in America. They’re wonderful and secure options at the small number of retailers where they are accepted, but they cannot replace any of the credit cards in your wallet, let alone all of them. Good luck buying dinner at a restaurant or getting cash from an ATM with Apple Pay.
This is where Coin comes into play. More →