BlockBeats News, October 3rd, according to CNBC reports, OnePay, a fintech company majority-owned by Walmart, will soon offer cryptocurrency trading and custody services on its mobile app.
Sources familiar with the matter (who requested anonymity ahead of an official announcement) stated that OnePay will later this year provide access to Bitcoin and Ethereum for its customers through the startup Zerohash.
This move indicates that OnePay, founded in 2021 and co-founded by Walmart and venture capital firm Ribbit Capital, sees cryptocurrency as a core feature of its digital financial "super app."
As part of building a U.S. super app similar to overseas apps like WeChat, the fintech company has been strategically adding new products. Currently, OnePay offers a range of banking services including high-yield savings accounts, credit and debit cards, buy now, pay later loans, and even wireless communications services.