Honestly though, it feels to me like the financial industry has a lot to lose in this aspect as well. If this system gets a lot of traction, financial institut

Honestly though, it feels to me like the financial industry has a lot to lose in this aspect as well. If this system gets a lot of traction, financial institutions (such as Visa and Mastercard) suddenly open themselves up to quite a bit of new competitors, or don't they? Disclaimer: I'm not from the US, not too familiar with the US system