Coin apologizes for delaying its credit card replacement device, fixes its beta program

The makers of a digital credit card replacement device named Coin had some bad news for its early supporters yesterday. After months of work, the company was forced to push back its release date at the last minute from this summer to next spring as it tries to finalize the hardware. And Coin said the best it could offer its early supporters was a non-final beta version of the hardware this fall.

Now Coin is making an about-face to try and appease some of its frustrated supporters. In a lengthy apology letter (password: letter), the company admitted that its original summer 2014 ship date was “overly optimistic.” To make up for its mistakes, the Coin team says it will open up the beta hardware to 15,000 early backers — 50 percent more…

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