OnePay to Introduce Crypto Trading and Custody by Year-End

  • Walmart-backed fintech OnePay plans to introduce cryptocurrency trading and custody features in its app by year-end.
  • The app will support buying, holding, and converting [Bitcoin](https://holder.io/coins/btc/) and [Ether](https://holder.io/coins/eth/) using infrastructure from Zerohash.
  • This move aligns OnePay with competitors like Venmo, Cash App, and PayPal, which already offer crypto services.
  • Founded in 2021 by Walmart and Ribbit Capital, OnePay aims to be an "everything app" for digital finance, offering savings accounts, payments, and credit options.
  • The addition of crypto services targets users who shop at Walmart's U.S. stores, integrating crypto transactions with existing financial services.
  • Although closely associated with Walmart, OnePay operates independently to attract a wider audience, especially those underserved by traditional banks.
  • Zerohash recently raised over $104 million to expand its crypto services for banks and fintech companies.