Today I have been dealing with a stolen debit card number. Luckily the fact that the transaction attempt was made at a store in a different state on a card that I only use for bills, this raised a red flag and the transaction was block and my card suspended. As far as the credit card company can see, my card was physically swiped in the store. This raised an interesting thought. Could Coin be easily used for nefarious purposes such as this? Think about it. The perp could load up all of their stolen card numbers on the Coin, and easily cycle through them at vendors, and the vendor would have no clue.
Does anyone know if Coin has any sort of protection in place to curb nefarious use?