Plastc: The Card That Might Replace Your Wallet
It can get really cumbersome and annoying walking around with all of those credit cards in your wallet. One company is trying once again to get you to replace all of that plastic for their "Plastc." One card and no wallet.
Plastc is the card company that wants to help the everyday and multiple credit card user use just one card. Plastc launched over a week ago. If the whole idea sounds familiar then it probably is; a year ago, another company called Coin attempted to do the same thing. Plastc says they are way different from Coin.
Plastc has an array of features that fit into one small black card. Plastc syncs with your smartphone via Bluetooth, The Verge reported. And it allows you to swipe as many as 20 cards (credit cards, gift cards and loyalty cards), or barcodes using something called an "E-ink" touchscreen.
After you swipe your cards into the Plastc card, digital versions of the cards can be stored in the Android or iOS app. The digital wallet can hold an unlimited number of cards and they are transferable, allowing you to use up to 20 cards at a time, Popular Mechanics reported.
When you are in store, you can just select the card from the display on Plastc and then swipe as normal. The cards are actually protected by a passcode and facial recognition.
The CEO and co-founder of Plastc, Mark Stubbs, believes that their card will help the consumer.
"We wanted to build a solution that introduced people to a digital wallet, but we knew we didn't want to change the infrastructure -- everyone is so accustomed to just being able to pull out a wallet," Stubbs said, according to Popular Mechanics.
Plastc is expected to support Google Wallet, Apple Pay, PayPal and other payment options. The card resembles a typical charge card, CBS News reported.
Plastc's concept is very similar to Coin, but they took Coin's concept and expanded on it.
The CEO and founder of Coin, Kanishk Parashar, stated last year that their card was "designed for the lifestyle of today with the technology of tomorrow." Similar to Plastc, Coin stores all of your existing credit card information, and it too syncs it with your smartphone, Forbes reported at the time.
"You don't need eight cards every day, so your phone is kind of like your drawer, and your Coin is kind of like your wallet," Parashar said, Forbes reported.
Although Coin received thousands of downloads, no one was using it.
It all sounds very familiar to what Plastc is offering now. The Plastc card will ship with a Chip and PIN hardware. In other words, a card built with a computer chip inside.
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