If you look at all the payment networks you mentioned, all of them are regional and not peer-to-peer. Ethereum is wide open and can be used peer to peer. Every country, institution, business, and individual doesn't need to trust each other - they just trust the network. And adding new applications to this open network, which is wide open and permissionless, can be done by ramen-powered startups on shoe string budgets. This is why I am so bullish on Ethereum.

It's open source finance vs. closed source. As you observe regulatory entities, even the USA, bend in various ways to crypto, you can see the foothold it has. And I believe it will continue to grow because novel solutions will sprout up from brand new companies accomplishing things no one thought possible.