Coins, maybe. FedNow is US-specific, though.
In any case, as it stands right now, Steam losing Visa/MC processing entirely would be catastrophic to their business.
In any case, as it stands right now, Steam losing Visa/MC processing entirely would be catastrophic to their business.
(payments are adjacent to my day gig, and I have to talk to FiServ and other FIs occasionally on the topic of moving money at a fintech)
That will vary by country, and the Federal Reserve is also US-specific. There are gamers in more countries than just the US :).
But yes, I certainly agree that the duopoly of Visa/MC needs to go.
But this is getting a bit into the weeds, I think. The point is that as it stands right now, today, Visa/MC is what Steam runs on. It would take a long time (months, if not years) for Steam to roll out support for every country that has their own system (Interac, Pix, etc.). We also can't forget that not every country has systems like that.
The most reasonable course of action today is to hope that Visa/MC can be forced into providing payment processing for all legal goods and services. Meanwhile, Steam will hopefully roll out other payment methods, other countries will adopt non-Visa/MC systems, and the duopoly can slowly be broken.