When the way back in 2015 together with Andorid Pay, seemingly to counter the Apple Pay endeavor that had appeared the prior year, it was the most versatile of the three technologies. Why?
Well, it supported the magnetic stripe technology (MST), in addition to the NFC chip that everyone else used. That meant that it was compatible with the legacy MST standard that most POS terminals in the US supported at the time.
You just placed your phone close to the place where cards are swiped, and it sent a magnetic signal that mimics a regular credit ...
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