Mastercard and Visa will fund the development of this technology, with zero net gain of either upon the other.
Then Bitcoin will slide right in. Google won't care either way... USD and BTC will flow through their systems.
thats exactly what i was thinking. Bitcoin's zero to insignif tx fees will not be denied.
A lot of people already have bank accounts with zero or low fees on normal transactions. There are also a lot of low cost remittance services. The appeal of Bitcoin is going to be different in different locations, depending on what's already offered by conventional banking and money transmission services and the extent to which financial transactions are regulated in those jurisdictions.
People are more likely to use Bitcoin services where the cost of using licensed financial service providers is high or where regulations restrict how they can transfer their money through conventional means. Where licensed - and therefore insured - providers already offer low-cost, efficient services, people have less reason to deal with unregulated services. It makes more sense to target the gaps in existing services than to try to compete in areas where Bitcoin can only offer an equal or marginally better service than existing services but at considerably higher risk to the user.