In reply to Allie Kat.

Not exactly. Most merchants still do not support EMV, and even those that do also support magnetic stripes. They have to because not eveyone has EMV cards yet. Not all banks are offering them. J.P. Morgan Chase bank, the largest bank in the US, still does not offer EMV debit cards, for example. EMV will need years to grow in the United States before coming close to being considered a standard here. The stripe will be here for a long while yet, giving Coin plenty of time to adopt the technology for its next generation of products. Just because something new is on the horizon does not mean what we were using before is "obsolete."