Comments by "May L" (@MeiinUK) on "Why Tap-to-Pay Is Safer Than a Credit Card Swipe | WSJ Tech Behind" video.

@thihal123 : A lot of things were screwed up in HK.. cos if tap to pay didn't happen, say.. then you might have still a very healthy commodity exchange... Now HK is just an actual high street with these so called payment methods. HK decision to do things that way stops it being an actual financial centre but the people themselves doesn't realise this. They are similar to Japan and South Korea soon...
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@thihal123 : Basically... in the UK, the banks own the terminals. They provide secure and customised terminals. And they issue the cards directly. And it is NOT outsourced. Just to give you a heads up. The way that HK is configured... it isn't the same as the UK's. Even if they are the same bank. Understand ? They have their own money to count etc. So... The reason why it flowed is because of trade, and the movement of people. So... the way that it is adopted it or might be different.
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Exactly. Need to use a metal card holder etc. I was shocked at one point in time that I was around a metre away from the machine. And the reader caught my card. And yet, the cashier hasn't put in the price yet !!! Scary, right ?... Yup!!....
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Omg....
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Yeh. And they tried to put that NFC into a mobile phone which can be hacked than to use it in a simple card. They are so behind.
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Because the USA refused to do this. It is why we had the actual financial crisis and why that then exasperated into a global crisis and then the investment sector is ballooned etc.... and why we are now in COVID. The end.
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@miketech79 : Nobody loses their money in Europe. And you also can have insurance to cover the losses as well. Again.. I repeat. Nobody loses money here in Europe... if it wasn't for the fact that cdbc is being talked about and forced onto the rest of us.. I doubt that the USA wouldn't be taking part to be more secure.
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@bobbrown8661 : It is not about technology though, is it ? It is about living. So.. even if you assume that, say in India... the piece of vegetable is only around 1 rupee. But they earned it for around 100 rupee. Of course, the business owners feels good. BUT... and he does not realise that, he has an actual indirect, but OPPOSITE effect, from his actions though.. he would now created his currency to be even more expensive, like competition wise. (This is the exact same phenomena, and concept within the PRC too... cos they caused an actual indirect but unequal reaction.) This is why people in the likes of HK.. would often try to teach their people the concept of mah jong. i.e. How to damage bubbles... and financial bubbles.. it is a card game, but the better you are at this, and knows where your sources comes from, the better you are too. With the USA and the visa situation.. exactly the same thing too.. and hence why now.. the likes of bitcoins.. and those tokens. UK doesn't use bitcoins, but it basically buy lump sum currencies.. and then they sell this via their retails and sellers... like a form of gift card, in order to burst the bubbles... Just because "Somebody" has not DONE or USED something.. does not mean that something was "knew". It just means that you were never part of their design ecosystem... etc etc etc. (Now, I bet a lot of people find this concept or even idea remotely hard to accept. Which we know.)
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