"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 payments. His mind went wild as he dreamed about what the future of digital payments could look like and within a short time after he launched Plastc." [1]
So, after shopping at a store that sells fruit smoothies and sneakers (?), and being told that nobody cares enough about a universal credit card to use the free Google Wallet one, he concluded that the future is a universal credit card that people will pay hundreds of dollars for?
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 payments. His mind went wild as he dreamed about what the future of digital payments could look like and within a short time after he launched Plastc." [1]
So, after shopping at a store that sells fruit smoothies and sneakers (?), and being told that nobody cares enough about a universal credit card to use the free Google Wallet one, he concluded that the future is a universal credit card that people will pay hundreds of dollars for?
Only in Silicon Valley...
[1] http://www.huffingtonpost.com/bryan-elliott/plastc-one-card-...