MCX responds to criticism

“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”

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