Indeed, Liquid Glass does bring somewhat of a major change to iOS 26, or what we would have called iOS 18 (Apple is switching iOS numbers to years, and iOS 26 will release in the fall). I've been using the developer beta of iOS 26 for some weeks now,

Apple has confirmed iOS 26’s public launch this fall, following the release of beta 4 to developers and testers with major UI and Apple Intelligence updates.

The Wallet app is already home for using Apple Card, Apple Pay, electronic car keys and for storing tickets and passes. In iOS 26, you can create a new Digital ID that acts like a passport for age and identity verification (though it does not replace a physical passport) for domestic travel for TSA screening at airports.