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Credit Cards
In Europe, you also have to put in a pin code to use your credit card. In the US, they decided that customers would not remember them and they would lose more money from people not using their credit card than they would save on fraud claims. So it is worth paying the middleman a vig on every single one of my transactions because if anything goes wrong, they will figure it out and make me whole. They could make credit cards, basically fraud proof, but it would hurt the UX.