Spending Metal to Go Cashless

In the always buzz-worthy cryptocurrency world, today CompoSecure Holdings, L.L.C., a leading provider of premium financial payment cards and emergent provider of cryptocurrency storage and security solutions, and SPAC Roman DBDR Tech Acquisition Corp. announced that they have entered into a definitive merger agreement. 

Roman DBDR warrants trade under the ticker DBDRW. 

CompoSecure pioneered premium payment cards–think metal credit or debit cards. The cards are uniquely designed and customizable. They are intended to appeal to the high net worth audience…or karate students who are fans of throwing stars.

The company provides this patented technology to some of the largest banks and financial institutions, such as JP Morgan and American Express. 

CompoSecure also has relationships with FinTechs, including N26 and crypto.com. 

In addition to providing security and the “premium” factor, metal payment cards fit into the green movement. For example, one of the cards CompSecure offers is made of 75% recycled stainless steel. 

CompoSecure is also an emergent provider of cryptocurrency and digital asset storage and security solutions. It plans to launch Arculus in the third quarter of this year. Users will be able to store and manage their digital assets using a highly secure payment card form factor and intuitive mobile wallet.

Needless to say, this is expected to be a growth opportunity for the company. 

The agreement between CompoSecure and Roman DBDR is expected to close in the third quarter of 2021.