I believe what you are describing is one of the reasons crypto regulations won’t get passed. Crypto allows for funds to transfer between two parties without an intermediary. Instead of the 1-4% transaction fees that credit card processors charge, each transaction could cost a fraction of a cent and reach near instant finality.

Of course, just like most people don’t understand that we are paying the credit card processing fees, most people aren’t open to learning more about crypto and its merits.

It’s ironic bc Visa and MC see the writing on the wall and looking to integrate crypto to maintain their walled garden. However, consumers and merchants stand to gain the most by getting educated.