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The technology isn't the problem, the finances is the problem. Credit card companies are loaning money. If people don't pay, then they get mad. If sketchy people on the street are using this device and then the consumer says, "I got ripped off" and refuses to pay then the credit card companies are going to put an end to this pretty fast.

Paypal had the same issue. They got around it eventually, but there were still barriers to using paypal. How are these guys going to keep out the riff raff?




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