11–20 of 168 posts
Does anyone have any information whether they'd refund people who have pre-ordered?
> What This Means For Backers: > It’s been a long road with a lot of obstacles. The support of our amazing backers has been incredible, which makes this announcement even harder. We were so incredibly ready for production in order to hit our deadlines but without capital it is impossible for us to move forward and we will not be able to fulfill any pre-orders.
soooo... no.
"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…
It's for people that keep multiple cards in their wallet.
"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…
"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…
I was just passing through for a couple of days so never had the chance to try it for myself, ymmv
"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…
It wasn't going to be so much that, as a card that you could put multiple credit cards on, but that still functioned entirely like a credit card - meaning it could be swiped in vending machines, by waitresses, and everywhere that accepts cards, without the need for an apple pay or google pay or whatever NFC payment hardware. It's for people that keep multiple cards in their wallet.
Given the shift to chip-and-PIN, which can't be emulated like this -- Plastc claimed they could but never demonstrated it (because it's impossible) -- they were way too late to market with this idea even 3 years ago.
And if merchants are going to roll out new POS hardware they might as well jump to NFC as it leapfrogs cards on convenience. And security, if your device implements tokenization and fingerprints-instead-of-PINs (like Apple Pay and others). Also it's built in to lots of phones and watches now.
FWIW, the thread on Plastc from 3 years ago: https://news.ycombinator.com/item?id=8422928 Edit: apparently there is a r/plastc and it declared plastc a scam 7 months ago: https://www.reddit.com/r/Plastc/comments/52or45/due_to_recen... To me it's fascinating how much Plastc seems to have flown under the radar. The initial announcement, and then almost no coverage until today: https://www.crunchbase.com/organization/pl…
Does anyone have any information whether they'd refund people who have pre-ordered?
> A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor's property may be subject to liens and mortgages that pledge the property to other credito…
dang, sctb, et al: Please update the title to reflect the correct name of this (former) company, which is "Plastc" (no 'i'). Thanks!
"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…
It wasn't going to be so much that, as a card that you could put multiple credit cards on, but that still functioned entirely like a credit card - meaning it could be swiped in vending machines, by waitresses, and everywhere that accepts cards, without the need for an apple pay or google pay or whatever NFC payment hardware. It's for people that keep multiple cards in their wallet.
In my experience, having many credit cards is a complete pain to manage, because for each card you need to monitor the statement, set up the automatic payment (or do it manually), change the address when you move, etc, etc, and no sane person is going to want to do that for lots of cards. The fact that it also fills you your wallet is really the least of the problems you'll have.
It's nice to have one card as a backup, and some hardcore churners / points collectors are going to want 5 or 6 cards and use different cards for different categories... but they're real niches, it's not something that a mainstream, mass market consumer is going to want to manage.