4 hours ago
Walmart-backed fintech OnePay plans to rotation retired cryptocurrency trading and custody features successful its app by the extremity of the year.
The work volition fto users buy, hold, and person bitcoin and ether wrong the app, with crypto infrastructure provided by Chicago-based Zerohash, CNBC reports , citing sources acquainted with the matter.
Though OnePay hasn’t publically confirmed the rollout, the determination would enactment it successful enactment with competitors similar Venmo, Cash App, and PayPal, which already connection crypto trading to U.S. users.
Founded successful 2021 by Walmart and task steadfast Ribbit Capital, OnePay has been gathering what it calls an “everything app” for integer finance. Its existing services see high-yield savings accounts, debit and recognition cards, peer-to-peer payments, and bargain now, wage aboriginal options.
By adding crypto, OnePay is banking connected the thought that its users, galore of whom store astatine Walmart’s astir 4,600 U.S. stores, volition privation to spend, save, oregon transportation crypto connected the aforesaid level they grip cash.
Though OnePay is intimately tied to Walmart, the app is operated arsenic a abstracted institution to entreaty to a broader idiosyncratic base, peculiarly Americans underserved by accepted banks.
Last month, Zerohash raised $104 million+ from firms including Morgan Stanley and Interactive Brokers to grow its crypto services for banks and fintechs.
English (US) 