LoopPay’s digital credit card has attracted the attention of credit card titan Visa, which may be just be looking for alternatives to plastic. LoopPay said on Thursday that Visa has made a strategic investment in the company of an undisclosed sum. LoopPay makes programmable keychain fobs and iPhone sleeves capable of generating a magnetic field that emulates the magnetic stripe on a credit or debit card. And point-of-sale terminal that can read it. GE’s financial arm has also made an investment in Loop, and last year the Boston startup raised at $10 million Series A round.
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