Chase has decided to become block Zelle payments made over social media or messaging apps. In other words, you can’t rely on Zelle for any online transactions.
Chase Bank is going to make it harder to use Zelle for transactions stemming from social media. In an update to its policy on Zelle, Chase says it may “decline or block” payments related to purchases from social media marketplaces or messaging apps, as spotted earlier by Bleeping Computer.
This follows a trend where banks are becoming more proactive in combating fraud and money laundering. Even if this decision does reduce fraud, we should be more concerned about how they determine this fact in the first place.
Of course, an obvious solution for most online vendors to use a third-party payment processor like PayPal, Venmo, or Cashapp. But this involves granting personal information to yet another company.
Another reason for crypto I guess 