[grey-area]

The merchant could offer a discount for using it.

I agree this could be a difficult battle and we effectively need some alternative to existing card issuers if they are to be displaced.

Current contactless payments are easy, secure and allow disputes etc.

[carlosjobim]

"Hey buddy, I give you a tiny tiny discount if you pay without fraud protection..."

I mean, some places do that. But for the consumer there is no advantage. It's probably fine at cafés, restaurants and such. But why would you as a consumer want it for any more important purchase? As you mention.

[grey-area]

Yes I think the article is vastly overstating the importance of this payment system, but do not underestimate the importance of the sentiment behind it.

The US is done as a global power, all their soft influence is gone, and the EU sees them as an adversary now.