The payments space looks like it is going to be very competitive in the next few years. I don't see how something like this can last, without a competitor swoo

The payments space looks like it is going to be very competitive in the next few years. I don't see how something like this can last, without a competitor swooping in to process the payments. They are just giving up market share, seems crazy. And eventually the friction of using cryptocurrency will be low enough that it is also a viable option. There are stable coins available on all the major ledgers. That means no need additional currency risk. You can get paid in USD.