ilmscore | Prediction Details
By Investment Joy | July 2, 2024 | Correct
Interpreted Prediction
Predicted that card swipers will become obsolete and be replaced by tap-to-pay and EMV readers in the near future.
AI Evaluation Notes
The prediction stated that card swipers would become obsolete, replaced by tap-to-pay and EMV readers, and swiper-only devices would become worthless. Current data for 2025 shows that 96.2% of global card-present transactions use EMV chip cards, and tap-to-pay is ubiquitous. Magnetic stripe use has significantly declined, with major card networks like Mastercard phasing them out, indicating that swiper-only devices are indeed becoming obsolete and risky to use.

Prediction Details

Target
Card swipers will be phased out and replaced by tap-to-pay and EMV readers; swiper-only devices will become worthless.
Predicted date
Very soon

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