Kong is radical in that it only stores keys on the secure element and only stores code in the EVM.

Kong is a toy implementation of this idea, but I think it's a very powerful idea.

The difference is a crypto wallet on your Samsung phone when lost or stolen makes you bankrupt where google pay wallets shrug it off.

And has the potential of being tracked by said companies and service providers

Whereas your crypto transactions are literally published on a digital distributed ledger for all to see including those self same companies. I thought the transparent, digital, decentralized public ledger was the big reason to use it?

Further, I'd suggest you read up on NFC and tokenization, it's not true that the companies in question actually do get access to that information unless they have separate-from-the-technology arrangements with payment processors.

In either case I'd rather be tracked than bankrupt.