The cryptocurrency payments space has become highly fragmented, with numerous projects targeting different regions, operating under varying licenses, serving distinct customer segments, and utilizing different blockchains and stablecoins with divergent functionalities. This fragmentation highlights the need for a unified payment aggregation/routing layer analogous to traditional financial rails like Visa or SWIFT. However, the irony is that even emerging crypto payment aggregation platforms themselves remain siloed and fragmented. The critical question now is which player will eventually evolve into the crypto equivalent of Visa - a dominant network enjoying >50% net margins, decades-long market leadership, and self-reinforcing network effects through widespread adoption.