Walmart-backed Fintech OnePay plans to roll out of cryptocurrency trading features and keeping its app at the end of the year.
Service will allow users to buy, handle, and convert Bitcoin and Ether within the app, with a Chicago-based crypto infrastructure, CNBC reports cites resources familiar with this matter.
Although OnePay does not confirm the rollout, the move will put it in line with competitors such as Venmo, cash app, and PayPal, which offers crypto trading to US users.
Established in 2021 by Walmart and venture firm Ribbit Capital, OnePay is building a so -called “all app” for digital finances. Its existing services include high yields, debit and credit card saving accounts, peer-to-peer payments, and buy now, pay options later.
By adding crypto, OnePay is bankrupt on the idea that its users, that many of them shop at about 4,600 US stores, want to spend, save, or transfer a crypto to the same platform that they manage cash.
Although OnePay is closely tied to Walmart, the app is operated as a separate company to appeal to a broader user base, especially Americans who have nothing to do with traditional banks.
Last month, zerohash Raised $ 104 million+ From companies including Morgan Stanley and interactive brokers to expand crypto services for banks and fintech.
