A thought on how to do it.
1. Create a stable coin
2. Create a credit card that uses this token
3. Tie using it to some reward, supercharge it with VC if you have to
4. Release a QR payment component where vendors don't have to pay to receive payment, get rewards and payees earn double rewards
5. Integrate that bad boy far and wide
Worth noting that Stripe, Shopify and Square are also well placed to use a similar strategy
Don't worry, Visa and probably Mastercard already have a crypto department. They've been digging into blockchain (and buying startups) for a while now.
Why does it have to be a blockchain instead of a government-mandated nonprofit (e.g. FedNow) to operate it? Wouldn't that have more oversight and less chances of massive fraud?
I’m highly doubtful that FedNow will be able to compete in terms of innovative new features. Say what you will about blockchain, there’s a lot of builders out there aggressively churning out new tech without anyone’s permission.