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US Largest Bank To Launch Digital Wallet To Destroy Paypal And Apple Pay

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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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