By the way, you can see Plaid's docs about money transfer here: https://plaid.com/docs/bank-transfers/ - don't think it's operational / available to the public yet tho
But definitely, if Plaid can create their own rails (using the bank accounts' ACH/Wire systems), it would definitely be competitive to Visa in certain situations. You can let your mind fly, and it would take some time to proliferate. But many online merchants already allow ACH-payments. This would make it even easier.
By the way, you can see Plaid's docs about money transfer here: https://plaid.com/docs/bank-transfers/ - don't think it's operational / available to the public yet tho
But definitely, if Plaid can create their own rails (using the bank accounts' ACH/Wire systems), it would definitely be competitive to Visa in certain situations. You can let your mind fly, and it would take some time to proliferate. But many online merchants already allow ACH-payments. This would make it even easier.