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Geode from iCache (2012)

kickstarter.com

1–10 of 22 posts

Re: Geode from iCache (2012)

#3
post #2

Compared to Coin, the Geode project had a similar vision albeit with greater aspirations. Here is an article about the aftermath: http://www.postandcourier.com/article/20130331/PC05/13033992... .

their card looks better (chip access), but the whole case thing doesn't make sense, It looks massive in the picture. My initial reaction with coin was that its counter intuitive, NFC or just mobile (square/paypal) are clearly the future. However, the coin card seems like a brilliant move now, they're entering the market through the path where everyone is familiar with the form factor and the technology isn't overwhelming.

Re: Geode from iCache (2012)

#4
post #2

Compared to Coin, the Geode project had a similar vision albeit with greater aspirations. Here is an article about the aftermath: http://www.postandcourier.com/article/20130331/PC05/13033992... .

their card looks better (chip access), but the whole case thing doesn't make sense, It looks massive in the picture. My initial reaction with coin was that its counter intuitive, NFC or just mobile (square/paypal) are clearly the future. However, the coin card seems like a brilliant move now, they're entering the market through the path where everyone is familiar with the form factor and the technology isn't overwhel…

NFC is clearly not the future.

Square/PayPal (also not the future with their current products) are not incompatible wit Coin. In fact, Coin fits well into the current ecosystem.

Re: Geode from iCache (2012)

#10
If I understand this correctly, wouldn't the following steps effectively mimic this technology?

1. Get Paypal.

2. Verify Paypal Account.

3. Get Paypal Debit Card.

4. Setup several CCs in Paypal.

5. Maintain $0 balance in Paypal.

6. Setup backup source of funding for Debit Card.

7. Make an app that simply logs into Paypal to set the backup source of funding to another card at the touch of a button.

8. Get an NFC sticker and put it on the Paypal debit card.

This would allow you to carry 1 card but use any of your cards and, as well, help you keep track of your card's physical proximity with an NFC enabled device. Please let me know if I am grossly misunderstanding or missing something!

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