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According to the article, the reason they still have magnetic strips is so they can be used in the USA: "Unfortunately, the United States is the last of the G-
by acdanger 12y ago
According to the article, the reason they still have magnetic strips is so they can be used in the USA:
"Unfortunately, the United States is the last of the G-20 nations that has yet to transition to chip & PIN, which means most ATM cards issued in Europe have a magnetic stripe on them for backwards compatibility when customers travel to this country."