Walmart-supported Fintech Onepay plans to roll cryptocurrency trading and custody features in his app by the end of the year.
The service will allow users to buy, hold and convert Bitcoin and Ether in the cryptoin-front app provided by Chicago-based Zerohash, reports CNBC, citing sources familiar with the case.
Although Onepay has not confirmed the rollout in public, the move would put it in line with competitors such as Venmo, Cash App and PayPal, which already offers crypto trading to US users.
Onpay was founded in 2021 by Walmart and Venture Firm Ribbit Capital and has built what it calls an “all -app” for digital financing. Its existing services include high-dividend accounts, debit and credit cards, peer-to-peer payments and buy now, pay later options.
By adding Crypto, Onepay knocks on the idea that its users, many of whom are trading at Walmart’s nearly 4,600 US stores, will use, store or transfer crypto on the same platform they handle cash.
Although Onepay is closely linked to Walmart, the app is served as a separate company to appeal to a wider user base, especially Americans underestimated by traditional banks.
Last month, Zerohash raised $ 104 million+ from companies, including Morgan Stanley and interactive brokers to expand its crypto services for banks and fintechs.
