The title is definitely an over-exaggeration. "Goodbye" will happen when Europeans going abroad no longer need to take Visa or Mastercard cards with them.

What is currently happening is the solving of instant cross-border P2P transfers, which sounds like a very niche problem. Online payments are mostly a solved problem because payment gateways like Adyen or Stripe already support local payment systems.

When we need that, we can use Apple/Android pay in many many places or just spin up a temporary visa/mastercard with platforms like Revolut.

Even if Visa/MC keep the fee on foreign spending, losing domestic spending will be a massive financial loss for them (and big gain for EU markets).