Fintech OnePay backed by Walmart plans to implement the functions of criptomonets trade and custody in its application by the end of the year.
The service will allow users to buy, maintain and convert bitcoin and ether within the application, with cryptogo infrastructure provided by Zerohash, based in Chicago, reports CNBC, citing familiar sources with the matter.
Although OnePay has not publicly confirmed the deployment, the movement would put it in line with competitors such as Venmo, Cash APP and Paypal, who already offer cryptography trade to US users.
Founded in 2021 by Walmart and the Ribbit Capital Risk firm, OnePay has been building what calls an “everything” application for digital finances. Its existing services include high performance savings accounts, debit and credit cards, peer payments and buy now, pay subsequent options.
By adding Crypto, OnePay is depositing in the idea that its users, many of which buy at the almost 4,600 American stores in Walmart, will want to spend, save or transfer cryptography on the same platform that they handle effective.
Although OnePay is closely linked to Walmart, the application is operated as a separate company to attract a broader, particularly American user base unattended by traditional banks.
Last month, Zeroash raised $ 104 million+ companies such as Morgan Stanley and interactive corridors to expand their cryptography services for banks and Fintechs.
