Plastc Card

A Coin competitor http://www.producthunt.com/posts... "Plastc helps you pay any way and anywhere you want*. With a magnetic stripe and barcode display, your Plastc Card will work in all the places you already frequent. Plus, with NFC and Chip and PIN capabilities a software update away, you’ll soon be ready for the future of payments."

This is not meant to be a knock against the product, but just trying to offer a perspective from a guy that has backed a ton of indie electronics projects before. I wrote on Twitter about how this project seems a bit too far-fetched given all the technology they're trying to jam in the card, which presumably is a maximum of 1mm thick (regular cards are 0.76mm) – induction charging coil, a low-power battery, RFID/NFC module, Bluetooth, e-ink touchscreen, magnetic stripe coder or whatever you call it, and probably small CPU/memory components. All of that could probably fit in a small device the size of, say, a watch, but in a device 1mm thick? (These issues are also present with Coin.) I think this is a great product and idea—especially since Apple Pay won't be available everywhere for a while—but I question whether the tech is there yet to make this possible. The team has a cool background but don't seem to have much past experience in EE or commerce, which is crucial for this kind of project. The projects I've backed always turn out *way* different than anticipated, especially when they start preorders before having a prototype. I'm not saying it's impossible, but to ship a product like this in less than a year—it's ambitious.

Pretty sure that their use of the Visa logo in the mockup is against the network rules. Production versions of this (and Coin) would not have a network logo, which will likely increase merchant confusion. Indeed, merchants would have every right to refuse to take this (and Coin) without the network logo. Furthermore, it's unclear from the page how thick the card is and whether or not it would work in an ATM that holds cards, as opposed to dipping cards. Always a risk that the machine might not return your card.

With Apple finally entering into NFC payments with Apple Pay, this and Coin will be useless by this time next year. This is nice but a little too late.

If Apple Pay works, it's hard to see there being enough value in the differentiation here. Credit cards are the ultimate "good enough" solution.

The killer differentiator here is that it also has RFID so it can store office security cards (would also work for my CTA transit card in Chicago). These are cases Apple Pay won't cover and would make me consider purchasing where I wouldn't with Coin.

No interest in preordering something that may have difficulties shipping. Coin me once, shame on you, coin me twice....well i'm just going to use Apple pay or pull out of frikin wallet.