The actual process of getting people onto the payment network and putting a little cash into a decentralised value system is now on hold until the people who object to the fintech takeover of bitcoin can agree on which of the myriad other options to have as a new common standard. This may take ages.
There is no need of any common standard except bitcoin. Anyone can build his own upper layer on it or setup his own bitcoinbank interfaced with Visa, Paypal, etc (like some are actually doing BTW).
It's just the insane idea of storing any b/s tx on a distributed blockchain for eternity which has burned in flames -hopefully once for all.