Another startup is attempting to make all-in-one credit cards a thing – Plastc may yet be born
Smart credit cards that let you toggle between multiple digitally saved credit cards haven’t had a great run. Plastc, which raised more than $9 million in preorders, failed to ever ship a product and filed for bankruptcy. Coin, on the other hand, managed to ship a card, but ended its product services after Fitbit acquired the company. Still, the dream isn’t dead, yet.
A company called Edge announced today that it’s acquiring Plastc for an undisclosed sum with the goal of incorporating its tech into the company’s own all-in-one credit card. Edge hopes to start shipping cards in the next seven months and won’t rely on preorder money. Instead, it’s depending on private equity.
But yes the world has moved on in the meantime with wearable NFC, chip-and-PIN, tap-and-go, etc payments… So this card has to somehow also incorporate those advances.
Sadly the company behind Root (programmable credit card for SA), called Refresh has announced its closing down – see https://www.refresh.co.za/2022/02/the-end-of-an-era/. I originally posted about them at https://twitter.com/GadgeteerZA/status/854836473899753473.