[awr]

Absolutely they could. There's multiple groups that need to come to the party (Stripe, PayPal, Shopify, CC companies, etc). Whether they will without a viable alternative like crypto remains to be seen. Whether there's enough fat for everybody to make a cut remains to be seen.

Crypto does offer (on the surface) an end to end solution to the problem that's not going through multiple companies.

The other side is identity linking. Again, can have a global account with a payment processor like stripe or PayPal that solves that problem though linking to your wallet does seem like a lower impedance opportunity.

I'm not of the opinion that crypto is going to become the new incumbent, but as a technology it presents as a viable alternative to the existing system that could trigger real change.