News for hackers. Stuff that matters.
Re:Meet Coin (YC W13), a startup creating a universal credit... by ry0ohki on Thursday November 14, 2013 @12:45PM (#6733837)
There's been another company working on this for many years: http://www.dynamicsinc.com/ I've seen the working models, they are decent, but it's a surprisingly hard problem.
Re:Meet Coin (YC W13), a startup creating a universal credit... by viraj_shah on Thursday November 14, 2013 @12:53PM (#6733918)
Re:Meet Coin (YC W13), a startup creating a universal credit... by mik3y on Thursday November 14, 2013 @01:08PM (#6734095)
Wallaby is a passive/proxy card, routing to a BIN range controlled by them. Cheaper to produce (it's just dumb plastic), more expensive to run (since they're sitting in the middle of each transaction) -- but that's also where they can build value.
Re:Meet Coin (YC W13), a startup creating a universal credit... by leokun on Thursday November 14, 2013 @01:02PM (#6734027)
I would totally pick wallaby over coin if they would put a picture of a wallaby on the card.
Re:Meet Coin (YC W13), a startup creating a universal credit... by derstang on Thursday November 14, 2013 @01:19PM (#6734201)
well if that's all it takes :)
Re:Meet Coin (YC W13), a startup creating a universal credit... by coudron on Thursday November 14, 2013 @02:06PM (#6734630)
Their website hurts my eyes