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Re:Meet Coin (YC W13), a startup creating a universal credit... by jmackinn on Thursday November 14, 2013 @06:55PM (#6736675)
The answer is actually no

Q. Where can I use Coin? A. You can use a Coin everywhere cards are accepted including dip-style card readers and ATMs. Use a Coin just like you use your cards now at gas stations, restaurants, the mall, the gym, or other places you frequent.

Dip-style card readers do not pull the card into the machine.

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