I agree with some of what you say here, but do think payments is ripe for transformation and the software companies will do so, as they have so many other indus

I agree with some of what you say here, but do think payments is ripe for transformation and the software companies will do so, as they have so many other industries. The goal is quite simple, to own global payments (a trillion dollar market currently owned by a cosy duopoly). The intended method is to do an end run around regulation as they have done with privacy regulation (hence the bitcoinish cover). I disagree it is smart for visa to invest unless they have a majority interest.