They already support local payment processing schemes such as Bancontact, iDEAL, JCB, Pix, etc. A good chunk of their international customer base already isn't dependent on the big American payment processors.

The way towards undermining Visa/MC's power is for more governments/Central Banks to push for indigenous alternatives which abide by local regulations rather than foreign puritanism. This is already a desirable goal for most both from a geopolitical POV (reduce American control over world finance) and a financial one (VISA/MasterCard charge outrageous transaction fees).

American consumers are fucked whichever way things go though, it's not like the regime is going to make a move to break up the monopoly nor to push for less censorship in media. If Valve somehow goes through with this and makes deal with all major American banks, they'll be done just in time for the Save The Children From Pedostanic Video Games Act or whatever the fuck that will force them to purge all thought crime from their platform.

In America I think you also either literally or effectively (to compete) have to own some banks as well. I think it's called vertical integration.

That, and I'm like 70% sure that as a payment processor you can't take your own payments in the way that valve would need to.

Considering valve is, basically, the gateway to a billion dollar industry, they certainly have the weight to throw around and get this done, or at least to prop up a less demonic processor. It'll take time whatever they do, but i really hope they are doing something.

Unfortunately Taler still needs a lot of maturing, but having a distributed payment system not running on that horrendous waste of time and energy that is the block chain is promising!

I'd never heard of this before. I hope Liberapay adds support for it. I don't think all itch.io developers would be interested. I'm not sure it quite solves all the problems that Steam has with getting payments to game publishers.

Quite interesting; thanks for the link!