Walmart-Backed OnePay to Launch Bitcoin and Ethereum Trading via Zerohash
According to CNBC, OnePay will enable users to buy, hold, and convert Bitcoin and Ether by year-end 2024, aligning with rivals like PayPal and Venmo in expanding crypto services.
Walmart-backed fintech OnePay plans to introduce cryptocurrency trading and custody features by the end of 2024, allowing users to buy, hold, and convert Bitcoin and Ether directly within its app. The service will be powered by Chicago-based Zerohash, which provides crypto infrastructure for banks and fintechs. OnePay’s expansion follows a broader fintech trend toward becoming 'everything apps,' offering digital finance services such as savings, credit, and peer-to-peer payments. Founded in 2021 by Walmart and Ribbit Capital, OnePay operates independently from Walmart but leverages its retail reach. Zerohash recently raised $104 million from investors including Morgan Stanley and Interactive Brokers to scale its services.
- Cryptocurrency Custody: Secure storage and management of digital assets, often provided by specialized firms to protect holdings from theft or loss.
- Bitcoin: The first and most widely recognized cryptocurrency, operating on a decentralized peer-to-peer network using blockchain technology.
- Ethereum: A blockchain-based platform known for its smart contract functionality and its native cryptocurrency, Ether (ETH).