Top US Banks That Experiment With Blockchain To Release Money Transfer App in 2017

Top US Banks That Experiment With Blockchain To Release Money Transfer App in 2017

Zelle, a money transfer app that is built on a bank-owned payments network to compete with PayPal, Venmo and Square Cash, will be released next year. The app’s network connects 19 U.S. financial firms including the country’s biggest banks such as JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co., and Citi. It will enable users to send money via their phones to recipients who will gain access to the funds immediately. Cyber attacks. The announcement comes few days after cyber attacks, which occurred on the Internet through common devices like webcams and digital....


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