I think they meant chip-and-PIN, not NFC.
Re:Fitbit Acquires Coin
by JoshTriplett on Wednesday May 18, 2016 @04:27PM
(#11725600)
Ah. In that case: perhaps two out of ten of the shops/merchants I use support (but don't require) chip-and-PIN. But yes, any new payment mechanism based on magnetic stripes should absolutely support chip-and-PIN.
Here in the pacific northwest, a rather high-tech area, perhaps one out of ten shops/merchants I use actually supports some manner of NFC payments, while everyone supports magnetic stripes. Any payment mechanism that only works with NFC is DOA for me.