Smart, connected cards like the Stratos card are not the future. It’s important that I clarify that right off the bat. These cards offer some very cool functionality, allowing users to store the swipe information from all of their credit cards, debit cards and more on a single device, and then select which card to use on the fly.
In time, however, these cards will be made completely obsolete — even once they adopt newer chip and PIN technology. Mobile payment services like Apple Pay will eventually be adopted more widely, and smart cards will become obsolete.
But with that having been said, we’re still many, many years from seeing mobile payment services reach those levels of adoption. In the meantime, the new Stratos card is here today, and it has allowed me to completely ditch my wallet. More →