@ValvePress Thanks for your feedback - I understand your concern, and have raised all of these points with the teams managing the rollout of our new payment system. Receiving payments in USD should remain an option for everyone - access to Local Currency payments will be a new addition, and these may be a better option for many authors.
As the current rollout focuses on Elements, both of the current options should still be available:
PayPal is unchanged from our existing Elements payment methods.
Payoneer USD payments will still be available, treated as a Bank Transfer to Payoneer’s USA receiving account.
For other direct transfer methods, we’re aiming to provide you with extra options where possible. The relative merits of these will depend on the country your bank is located in, and the currency (local or USD) that your account is set to.
Bank transfer in local currency: This involves our payment partner handling the conversion directly, and then sending the payment to your bank. These are sent to your bank using local transfer routes (International ACH) wherever these are available: those are much faster than SWIFT, and the transfer fees are lower. Local currency payments can also avoid “landing” fees (incurred when foreign currency arrives in a local-currency account), and your bank doesn’t perform any conversion as the money is sent in your local currency.
Bank transfer in USD: These generally need to be sent via the SWIFT network, which many authors are already familiar with from Market (where it is currently the only Bank Transfer available).
We’ll be adding some more detailed information about the Local Currency option to our Help Centre article next week - I’ll update this thread once the new article goes live.
@PeakStar Thanks! You are at the top of my list, when the time comes to pilot the new system 
I’ll have more information about this in a couple of weeks.