News about an upcoming product simply called Coin spread through the internet like wildfire yesterday, but one more mention won’t hurt. Coin aims to let you condense all those credit cards in your wallet into a single, digital device that swipes like any normal card would.

All you have to do is open the Coin app on your smartphone, swipe a card through a Square-like reader connected via headphone jack, snap a photo of the card, and it gets added to your Coin collection. From there, you can toggle through your cards directly from the Coin using its built-in button, and use it to pay your tab like any normal card.

Really, the best way to get an idea of what using Coin like is to watch this excellent video, produced by the wonderful people at Sandwich Video. The Coin is not yet available for sale but can be pre-ordered now for $55.