Quote:
Originally Posted by tubemonkey
It won't happen until they can find an easier way to implement it. Using a smartphone leaves too many gaps. What about those who don't use them? To replace a credit card, they need a device that's small enough to fit in a wallet or on a keychain.
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It's (replacing traditional magnetic strip credit cards) already in progress, now that we're over a decade behind Europe. By October of next year, all merchants are required to have equipment capable of handling chip cards, and around that time, all new cards issued will be chip cards. It takes a long, long time to change the basic structure of such a widely used system, but it's happening.