Plastc was a unique E Ink card that would hold all of your credit and debit card information and allow you to use it anywhere, including bank machines. They raised over nine million dollars from 80,000 backers over the last two years and have just shut down. The company filed for bankruptcy and is keeping all of the money that they garnered via preorders.
On its website, Plastc announced, “After making enormous leaps in development, product innovation and progress towards our goal, Plastc has exhausted all of its options to raise the money it needs to continue.”
There was initially a handful of companies in the smart credit card space. Coin, stopped producing its cards in May 2016. Stratos, another smart card company that launched in May 2015, shut down later that year and now Plastc has shuttered. Currently, the only smart card company that is still solvent is Swyp, whose website states that its smart card is “going on sale soon.” We’ll see.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.