Overview
- CNBC, citing unnamed sources, reports that OnePay plans to launch in-app trading and custody for Bitcoin and Ether later this year using Zerohash.
- Sources indicate users could hold crypto in the app and convert balances to dollars for Walmart purchases or to pay card bills, though product details have not been announced.
- Spokespeople for OnePay and Zerohash declined to comment, and the companies have not issued a public launch announcement.
- OnePay, founded in 2021 by Walmart and Ribbit Capital, is building a super-app that already includes savings, debit and credit cards, buy now, pay later loans, and wireless plans.
- The app is integrated into Walmart’s checkout flows reaching about 150 million weekly U.S. shoppers, ranks top five in Apple’s finance category, and the move tracks a wider industry push that includes Morgan Stanley’s E-Trade, PayPal, Venmo, and Cash App offering crypto features.