EOS: Vaulta will focus on wealth management, consumer payments, portfolio management, and insurance

On March 19, EOS Network posted on social media stating, "Vaulta is a Web3 banking network aimed at bridging the gap between traditional banking and decentralized digital assets. Vaulta focuses on four core areas to bring real value to institutions and consumers: wealth management, consumer payments, portfolio management, and insurance." BlockBeats previously reported that on March 19 at 3 o'clock, EOS Network announced it would be renamed Vaulta, shifting its focus to Web3 banking services. This transformation is accompanied by a token swap expected to be arranged by the end of May.