Coin is a hack, it's a neat solution to an annoying problem which is going to disappear for other reasons, and it shouldn't even work.
It shouldn't work because US credit cards should have some second form of authentication on the card (chip+pin) like is in place in Europe. I'm sure this is coming, and it will (and should!) break Coin.
But even this isn't the interesting part... both of these systems will be destroyed by models like Square.
Comments
Coin is a hack, it's a neat solution to an annoying problem which is going to disappear for other reasons, and it shouldn't even work.
It shouldn't work because US credit cards should have some second form of authentication on the card (chip+pin) like is in place in Europe. I'm sure this is coming, and it will (and should!) break Coin.
But even this isn't the interesting part... both of these systems will be destroyed by models like Square.