It makes sense, but it is a bit weird it has taken so long, but I suppose that's a product of the banking system in America being decades behind the rest of the west - I am genuinely completely unsure of the last time I swiped a card - 25 years ago? Maybe? Chip and pin has been a requirement for so long it's madness they still have them when nobody in the west (Bar N.America) will accept a swipe since before half of this forum's userbase was even born.
Actually, you know what, I can't even remember the last time my card came out of my wallet now, well before the pandemic, not a single place doesn't accept contactless anymore and it's been that way for over 5 years now - just do away with the cards altogether and save some money please, banks!