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Thank you for those helpful informations!
Yes, I have explored other solutions, including rotating handle. I finally chose this one as it allows to keep the whole case thinner that in other options, makes it very easy to use, serves an additional feature which is a regulated stand and in my opinion it is the most visually appealing one.(like I said, I didn’t want the handle to be seen when not used) The only drawback of this solution is that it uses magnets, those magnets of course are not harming phone in any way, are relatively cheap but can destroy credit cards when moved closely and might repel some potential buyers.