A magnetic strip holds far more data than a microchip.

Name: A magnetic strip holds far more data than a microchip.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A microchip is capable of holding more data than a magnetic strip. Magnetic strips are commonly found on credit cards and only hold limited information such as the cardholder's name, account number, and expiration date. Microchips, on the other hand, can hold a larger amount of data and can also provide additional security features such as encryption and biometric authentication.

A Magnetic Strip Holds Far More Data Than a Microchip