> The idea was to treat the mag stripe reader as a receiver to accept transmissions from a phone or accessory using a magnetic induction loop. Neat solution co

> The idea was to treat the mag stripe reader as a receiver to accept transmissions from a phone or accessory using a magnetic induction loop. Neat solution compared to the Wallaby card and Coin. > With these two models we were able to prove that the Loop works at over 90% of existing credit card readers. Hmm, if it's not 100% then I need to carry around my cards anyway, so why get this?