If the US doesn't take a lead in the fintech race China will take over the world. Imagine everyone in Africa, S.E. Asia, etc using Alipay. This takes away power from the US in control and de-dollarization.
If you’re using a credit card as source payment, you get a bank to protect your purchase and presumably some points or rebate?
I understand cryptocurrency as potential replacement to wire transfers and cash payments. But as a consumer friendly choice, why would somebody choose to pay with crypto over NFC pay (with banks promising purchase protection when coupled with credit card)?