An uncorrupted 'government' would revoke those banks' charters.
Since the banking and currency systems are a monopoly in the US, and the payment processors unable to operate without .gov permission, the wokisms, "start your own!" and "MuH pRiVaTe CoMpAnY" don't apply.
"Bake the Cake, bigot" does.
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Under the current US 'legal' system, anyone using 'biometric' anything is throwing away their 4th and 5th-amendment rights.