Plastc is no more
December 14, 2017: Edge Mobile Payments, a Santa Cruz-based Fintech company, today announced it has acquired the assets of Plastc. The acquisition enables Edge to build on Plastc's progress and to accelerate the release of its upcoming Edge Card.
The Edge Card will store the information of multiple payment cards into one dynamic card and allows users to pay with all three primary payment card methods: magstripe, EMV chip and NFC. It will feature a color screen composed of flexible organic materials for account navigation as well as improved card security and support for cryptocurrency.
"While Plastc ran out of funding before it could ship a completed product, the company made significant progress in engineering and marketing a dynamic payment card," said Peter Garrett, founder and CEO of Edge. "This acquisition will accelerate our production timeline and move us closer to what the public wants: a dynamic payment card with improved security that consolidates all your cards into one."
As part of the Plastc asset purchase, Edge has agreed to provide a significant benefit to Plastc preorder customers: a $50 discount toward the purchase of the Edge Card. Click here to sign up for the discount.