Apple plans to build its own financial infrastructure for payments and lending
Apple plans to build its own in-house technology and infrastructure for financial services, according to a new Bloomberg report citing people with knowledge of the matter. The initiative is internally codenamed "Breakout" as an allusion to the idea of users breaking free from the current establishment players in the financial system.
https://arstechnica.com/gadgets/2022/03/apple-plans-to-build-its-own-financial-infrastructure-for-payments-and-lending