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I doubt Stripe or any payment provider has the scale to take on Visa/Mastercard. China is experimenting here: https://www.ft.com/content/fec06de9-ac43-4ab8-81f3

• xoxoy 6y ago
  don’t think they are suggesting that Stripe create a competing network just like in Europe the government would regulate interchange, which they’ve mostly failed to do here outside of the Durbin Amendment But Durbin has raised red flags about excessive swipe fees just this past week, and my bet is that a recovery plan for small biz will very closely scrutinize interchange, and possibly payment processing as a whole https://www.durbin.senate.gov/newsroom/press-releases/durbin-and-welch-to-fed-excessive-debit-swipe-fees-are-hurting-merchants-during-pandemic https://www.durbin.senate.gov/newsroom/press-releases/durbin...