Digital technology and the coronavirus recovery will dramatically alter payments in the year ahead, but the scale and benefits of networks will survive, Eric Grover of Intrepid Ventures contends.

FedAccounts would be government banking on a massive scale, says Intrepid Ventures' Eric Grover.

Competition between hundreds of national and global payment systems forces everybody to continually adapt, up their games, culling weaker and underperforming systems and inviting the search for better mouse traps, says Intrepid Ventures' Eric Grover.

Nobody will be keen to go toe-to-toe with the Fed, which is the financial systems’ paramount regulator and central bank with virtually unlimited resources, says Intrepid Ventures' Eric Grover.

Indian consumers and businesses would be best served if New Delhi confined itself to discrete interventions to reduce structural barriers to payments competition, rather than imposing price controls, dispensing subsidies and promoting national favorites, says Eric Grover, a principal at Intrepid Ventures.

The most enlightened regulator or legislator can’t match the dynamic intelligence of billions of market decisions by consumers, merchants, banks, networks and processors, argues Eric Grover, a principal at Intrepid Ventures.

A crypto-based payments system from Facebook would create more competition and pressure legacy companies to up their game, says Eric Grover, a principal at Intrepid Ventures.

Financial institutions should focus on maximizing returns instead of feel-good initiatives to cut greenhouse gas emissions or reduce gun financing.

The FIS-Worldpay and Fiserv-First Data combos do provide notable scale, but the even-larger companies still won't produce the same pace of growth that younger nimble fintechs enjoy, says Eric Grover, a principal at Intrepid Ventures.

In addition to conducting monetary policy and regulating banks, that the EU’s central bank should try to “drive innovation” in payments, writes Eric Grover, a principal at Intrepid Ventures.