True, but if you think about the initial goal of a decentralized payment method over the internet and not in a crypto-maximalist perspective, it doesn't necessarily make sense to compare it with VISA or Swift which mostly process payments IRL.
When bitcoin was designed, its throughput was a significant fraction of Paypal's which doesn't sound so bad. In fact, having a decentralized, uncensorable and open-source payment system taking 20% of Paypal's market share would have been a major success regarding Satoshi's stated goals, and this was something achievable even with the slow network. But it never happened, and all we have instead is this gigantic VC-funded distributed Casino where hackers and fraudsters thrive.
The inherent problem there is the capacity is essentially fixed without a protocol change causing a hard fork. That's a doomed service in the long run.
When bitcoin was designed, its throughput was a significant fraction of Paypal's which doesn't sound so bad. In fact, having a decentralized, uncensorable and open-source payment system taking 20% of Paypal's market share would have been a major success regarding Satoshi's stated goals, and this was something achievable even with the slow network. But it never happened, and all we have instead is this gigantic VC-funded distributed Casino where hackers and fraudsters thrive.