This is why I was excited about Libra (later renamed to Diem.) which was Meta's feeless digital currency that was scrapped. It could have been a Western WeChat Pay, which charges no fees up to 200 RMB ~= 20 GBP.

I don't see why they should get to shave a slice off of every transaction. It takes relatively little upkeep and they rake in huge profits.

The fees nudge businesses to use cash (well, to avoid tax too, sometimes.) or set a minimum transaction amount, which can mean fewer customers through the door.

I think a new, public infrastructure competitor could be healthy for economies worldwide.