SAN FRANCISCO – Since digital card holder Coin was announced last November, the team behind it has worked non-stop to address every possible glitch, from manufacturing to security and fraud prevention.  According to an article on TheVerge.com, Coin founder Kanishk Parashar describes the device’s system of sending a unique code string to verify every transaction, as "obliterating" fraud.

Coin allows users to sync up to eight credit cards seamlessly onto their Coin device, via an app, essentially allowing users to dump their wallets. As of now, Coin only works at 85% of credit card terminals, but the company is now enrolling new users in order to expand the real-world testing program and get that number up to 100%. Over the next few months, 10,000 consumers will begin using Coin and report back on how it's working.

This new group of beta testers will complement the street teams already deployed in San Francisco, Los Angeles and New York City, who have been going from store to store testing Coin. "We've already checked out every nook and cranny of San Francisco, so our nationwide beta will be a good way to figure out where something is incompatible," Parashar told TheVerge.com. And according to him, not a single beta tester thus far has had their Coin rejected by a cashier or waiter.