Walmart back onpay to add Bitcoin and Ether Trading to Finance App: CNBC

Fintech ONEPAY, supported by Walmart, plans to deploy trading and cryptocurrency guard features in its application by the end of the year.

The service will allow users to buy, hold and convert bitcoin and ether in the application, with crypto infrastructure provided by Zerohash, CNBC, based in Chicago, citing sources familiar with the problem.

Although OnePay has not publicly confirmed the deployment, the move would put it online with competitors like Venmo, Cash App and Paypal, who already offer an crypto exchange with American users.

Founded in 2021 by Walmart and the venture capital company Ribbit Capital, OnePay built what he calls an “all application” for digital finance. Its existing services include high -efficiency savings accounts, debit and credit cards, peer payments and buy now, pay for subsequent options.

By adding Crypto, OnePay put on the idea that its users, many of whom buy in nearly 4,600 American stores in Walmart, will want to spend, save or transfer Crypto to the same platform as they manage money.

Although Onepay is closely linked to Walmart, the application is used as a separate company to call on a wider user base, in particular the Americans ill -served by traditional banks.

Last month, Zerohash collected $ 104 million + from companies such as Morgan Stanley and interactive brokers to extend its crypto services for banks and financial technologies.

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