Wednesday, March 4, 2015

Genius Who Built A Nuclear Fusion Reactor At 17 Takes On The Payments Industry

If the Stratos smart card works as advertised, it will prove that patience is a virtue. Having a prodigy for a CEO doesn't hurt either.

First there was Coin, then there was Plastc: two companies promising the smart credit card of the future—one card that could store all of your cards. The companies announced their products with gusto. They took customer cash and preorders, Kickstarter-style. Then, Coin began apologizing for delay after delay, and it still hasn't officially launched. Plastc never technically delayed, but it only teased an eventual release in summer of 2015. In the meantime, a slew of competitors have popped up asking the crowd to pay their bills before they even debut anything. Call it Kickstarter Syndrome. Lots of product videos. Not so many actual products.

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