CurrentC, the retailer-backed competitor to Apple Pay and Android Pay, has been going through a bit of a rough patch lately, and some new info suggests that things aren’t going to be getting better.
The Merchant Customer Exchange (MCX), the group behind CurrentC, has announced that the CurrentC beta test is coming to an end on June 28. This beta test has been taking place for a while now in Columbus, Ohio, the only place where CurrentC is accepted. On its CurrentC FAQ, MCX says that it has “not yet determined the future timing of CurrentC,” but the future of the service doesn’t look bright.
Once June 28 rolls around, MCX says that all active CurrentC accounts will be disabled. On top of that, MCX has sent an email to existing CurrentC users that says that it is “postponing further releases of CurrentC.”
While MCX hasn’t come out and explicitly said that CurrentC is done, the future of the service doesn’t look bright. Thirty CurrentC employees were laid off last month, and now MCX is disabling all accounts and postponing further launches, all while Apple Pay, Android Pay, and Samsung Pay continue to support more banks and are already loaded onto millions and millions of phones. So yeah, things aren’t looking too bright for CurrentC right now.