Awesome new Kickstarter - LOOP

Michael Baturin

Evangelist
Gold
Jul 11, 2007
1,745
239
63
31
South Jersey
#1
I always wished NFC would pan out but as the creators of Loop put it

"Store owners have no incentive to change their systems to accept new technologies that few consumers are using, and consumers are not going to adopt a solution that they can’t use where they shop every day. So no merchant adoption equals no consumer adoption – it’s a deadlock."​

This company ingeniusly developed an emission device using a technology they call Magnetic Secure Transmission (MST) that basically uses similar technology to what is used in Inductive charging (like powermat) to simulate the swiping motion of a card. So you just hold this thing next to the mag swiper, choose your card on the phone, and it registers as a swipe! Don't wanna say it, but this is an NFC killer from where I'm sitting. Check it out!

http://www.kickstarter.com/projects/loop/pay-with-loop
 

jmp316

Evangelist
Gold
Jul 10, 2008
1,048
141
63
#2
That IS cool. Don't have money to donate, but I hope this goes to production. Or Apple buys the company and integrates this into the iPhone without a case. ;)