Google Wallet, bitcoin and other payment systems have spent years trying to oust the credit card as the be-all and end-all of payment methods. Publications and pundits everywhere have been quick to hail new technologies as “credit card-killers,” and they’re not without justification. As a payment method, the credit card has lost whatever futuristic luster it may have once had. Magnetic stripes wear out, plastic snaps in half, and the incessant manual inputting of 16-digit numbers eventually gets tiresome.
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Mobile Wallets as Credit Card Killers
Posted by: Himanshu Sareen March 9, 2015 05:00 AMGoogle Wallet, bitcoin and other payment systems have spent years trying to oust the credit card as the be-all and end-all of payment methods. Publications and pundits everywhere have been quick to hail new technologies as “credit card-killers,” and they’re not without justification. As a payment method, the credit card has lost whatever futuristic luster it may have once had. Magnetic stripes wear out, plastic snaps in half, and the incessant manual inputting of 16-digit numbers eventually gets tiresome.