Overview

• Multiple outlets cite anonymous sources saying OnePay plans in-app bitcoin and ether trading and custody later this year, and the companies have not confirmed the reports.
• Zerohash is reported to provide the backend for custody and trading, following a roughly $104 million raise from investors including Morgan Stanley and Interactive Brokers.
• Reporting indicates users could hold crypto in OnePay and convert it to dollars for Walmart purchases or to pay card balances, with fees, limits, and state availability still unspecified.
• OnePay, founded by Walmart and Ribbit Capital in 2021, ranks among the top finance apps and is integrated into Walmart’s online and in-store checkout, reaching an estimated 150 million weekly shoppers.
• The prospective rollout would bring OnePay in line with fintech rivals like PayPal, Venmo, and Cash App that already offer crypto features, though regulatory and timing questions remain.