Savings and investing app Plum is making a big move into ‘spending’ today, with the launch of a debit card which will let customers tap into the cash in their account.
What’s most impressive, however, is that Plum’s card is 100 per cent recyclable and biodegradable when placed into a compost bin, according to altfi.com.
Many banks have been gradually increasing the amount of recycled plastic used in the production of their debit and credit cards, both Starling and Nationwide boast that the majority of the material they use is recycled, but a ‘recyclable’ card is much rarer and potentially more valuable for environmentally conscious consumers.
Plum’s card (plum-coloured of course) is made up of 57 per cent sea salt and 43 per cent crude oil, which makes it both 100 per cent recyclable (up to 8 times) and 100 per cent degradable in the right conditions.
Created by physical card provider allpay.cards, apparently the “eco degradable [card] has the same physical and technical properties as PVC with an additive which accelerates the degradation within microbe rich environments.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
