I find it somewhat entertaining that the press conference, and to a lesser extent the brief, argues that giving 3rd party dev access to Wallet functionality would result in a more security for the user. I don't always trust monoliths (might be the wrong word?) but I trust Apple Wallet integrations more than anything my bank would try to roll out.

I'm fine with the claim of more competition and more privacy (although I'm not particularly worried about Apple here).