Until we get a CBDC, Visa and MasterCard would remain our only access to the digital payment system, outside of the use cases that take Interac. Unfortunately in Canada it’s likely that CBDC would still necessitate accounts in commercial banks. Ideally we’d want Bank of Canada to provode any Canadian citizen with a simple chequing account that they can use to transact with any other Canadian citizen or business via CBDC, with zero transaction fees. I doubt the Big Five are gonna let that happen without getting themselves to skim something off the top.