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In a time when financial institutions and other organizations across the globe are looking for new ways to enhance their processes.
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For instance, by using blockchain and cryptocurrencies, various banks have enlisted the assistance of money transfer services Zelle to create an online wallet.
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Indeed JPMorgan, Bank of America, Wells Fargo, Capital One Financial, U.S. Bancorp, PNC Financial Services Group...
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And Trust Financial plans to launch the wallet in the second quarter of 2023 to challenge Paypal and Apple Pay.
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The Wall Street Journal reported this on the 23rd of January.
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Separate from Zelle, The wallet will be administered by Zelle's operator, the joint venture owned by the bank's Early Warning Services (EWS).
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