Coin made waves when it debuted last November, promising to be a type of universal payment card that can actually behave like eight different cards in one. The concept is novel: Make a programmable card that can re-write its magnetic stripe, depending on which credit or debit card you want to use. Unfortunately, the expected launch date of this summer is now revised to next spring.
CNET reported the news on Friday, saying that Coin still has some manufacturing issues to work out. The company is emailing those who backed Coin with a $50 pre-order, telling them about the delay and giving them the option to participate in a Coin beta. The first 10,000 people who opt in will receive a prototype of Coin and not the final product — that is now planned for a spring 2015 delivery.
Part of the problem with the current Coin device is the swipe…