merchants still need to buy into consumers waving their phones at mag
stripe terminals. There’s no guarantee most or all will very quickly.

I have yet to see Loop Pay being used by consumers despite the claim that it works with 90% of the legacy system. It is a legacy system that will be phased out once the liability shift come October due to the new EMV chip requirement (very few merchants have it). Samsung is going backward at this point until they put in a token or virtual card system.

I'll give it a year time to see the whole thing shake out once merchants upgrade their system to be compatible with NFC along with EMV. Otherwise great article.