In the U.S., digital wallets have become popular for everyday transactions with nearly half of US consumers tapping in. While smartphones are everywhere, and digital wallets are growing in accessibility, American consumers are still hesitant to embrace the broader capabilities of these tools. Digital wallets have significant potential for identity verification, though only a few U.S. states currently allow digital storage of driver’s licenses or other ID forms. The report noted that 79% of U.S. consumers needed to verify their identity last year, primarily for banking transactions, and 41% expect to use their wallets for this purpose in the next few years. This presents an opportunity for wallet platforms to integrate ID verification with services like government and alcohol purchases.