Originally Posted by
leoandru
OK, we had magstripe payment cards which were in use for decades. They are very insecure. it's like logging into your bank account over HTTP.
But they are more convenient than walking around with cash. Newer technologies are here to make using those conveniences more secure. Hence why most of the web moved to HTTPS to secure doing online banking from the convience and comfort of your home. So yes security is the number one reason of these payment systems.
OK, I'm still waiting to hear what it is we will be losing. Maybe write a blog about it?
You notice as technology become more secure hackers/scammers/thieves move to the least secure chain in any system! The human? I'm pretty sure you have learned to be vigilant on the internet. We just need to learn to be viligant with our digital money.