OnePay Expands Services: Now Offers Bitcoin & Ethereum Trading
OnePay, the fintech firm owned by retail giant Walmart, is set to expand its services. The app, which currently offers a digital wallet, high-yield savings account, and a debit card, will now include trading and custody solutions for Bitcoin and Ethereum. This move comes in collaboration with Chicago-based Zerohash.
OnePay, which has risen to the top 5 in both Apple and Google Play app stores in the finance category, sees the addition of crypto services as a core offering alongside its traditional banking services. The company, launched in 2021 through a partnership between Walmart and Ribbit Capital, is now venturing into the cryptocurrency sphere.
Walmart was previously rumored to be considering the introduction of its own stablecoin in June 2023. However, the company has not yet confirmed these rumors. Now, with the addition of crypto trading and custody solutions, OnePay users will have the opportunity to buy, sell, and securely store Bitcoin and Ethereum directly within the app.
OnePay's expansion into cryptocurrency services is a significant step for the fintech firm. By offering trading and custody solutions for Bitcoin and Ethereum, OnePay is providing users with more financial options within the app. This move could potentially attract a new wave of users interested in cryptocurrency, further solidifying OnePay's position in the finance app market.
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