Walmart’s OnePay to Add Bitcoin and Ether Trading This Year
Walmart’s fintech arm, OnePay, is set to introduce Bitcoin and Ether trading to it’s app by year-end. This move aims to boost its position in teh digital wallet and consumer banking market.
OnePay will partner with Zerohash, a crypto settlement startup, to offer these services. This integration is part of OnePay’s strategy to become a U.S.”super app,” similar to China’s WeChat. The app already provides various financial products like savings accounts, credit cards, and buy-now-pay-later loans.
Users will be able to hold and convert Bitcoin and Ether into cash within the app. This cash can be used for Walmart purchases or to pay card balances. This feature could make crypto more practical for everyday use.
onepay is currently the fifth most downloaded free finance app in the U.S. Apple app store. Adding crypto trading will help it compete with apps like PayPal, Venmo, and Cash App, which already offer crypto services.
With Walmart’s massive customer base, OnePay’s potential impact on the digital wallet market is significant. This move could reshape how people use crypto for daily transactions.
