The US payments market is a symphony of abusive practices that gouge everyone. Besides Visa and Mastercard, you have the chargeback cards that basically make things cheaper for the rich. Merchants have even figured out how to get in on the action by creating non-fungible money called "gift-cards". And all that on top of random people telling stories of how their merchant account was shut down suddenly and without appeal.
But, God forbid that the government build any infrastructure for the economy's main highway, and crypto is the only alternative possible.
Ever heard of FedNow? Payments is going to change here soon enough. If you've ever paid a merchant with Zelle, imagine a better system than that which everyone can use. Instant push payments.
But, God forbid that the government build any infrastructure for the economy's main highway, and crypto is the only alternative possible.