OnePay to Add Crypto Services Amid Drive to Build Financial Super App

OnePay to Add Crypto Services Amid Drive to Build Financial Super App

By PYMNTS
OnePay reportedly plans to add cryptocurrency trading and custody services to its financial app. These new services from the FinTech company that is majority-owned by Walmart will be powered by Zerohash and will enable users to access bitcoin and ether later this year, CNBC reported Friday (Oct. 3), citing unnamed sources.

Article Details

OnePay, the Walmart-majority-owned FinTech platform, is expanding into cryptocurrency services as part of its ambitious financial super app strategy. The digital payment company plans to integrate Bitcoin and Ethereum trading and custody capabilities powered by ZeroHash, targeting a launch later this year.

This strategic move positions OnePay to compete directly with established crypto platforms and traditional financial apps offering digital asset services. By leveraging ZeroHash's institutional-grade cryptocurrency infrastructure, OnePay aims to provide secure Bitcoin and Ethereum access to mainstream consumers through its existing financial ecosystem.

The development represents a significant shift in corporate crypto adoption, with Walmart's backing lending credibility to digital asset integration in traditional retail finance. OnePay's cryptocurrency expansion could accelerate mainstream DeFi adoption and blockchain technology acceptance among conventional consumers.

This announcement comes amid growing institutional interest in cryptocurrency services, as FinTech companies increasingly view digital assets as essential components of comprehensive financial platforms. OnePay's crypto integration strategy may signal broader market trends toward multi-service financial super apps incorporating traditional banking, payments, and cryptocurrency functionality under unified platforms.

Article Details

Market Sentiment
positive
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin#Ethereum#Market

Additional Information

0

Read the Full Article

Continue reading this article on PYMNTS

Read Full Article

Source: PYMNTS

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Crypto Confidence Crumbles as Extreme Fear Dominates Market Sentiment
generalNegative

Crypto Confidence Crumbles as Extreme Fear Dominates Market Sentiment

The Crypto Fear & Greed Index fell to “Extreme Fear” levels on Tuesday, according to data from CoinMarketCap, after a sharp pullback across major digi...

Crypto Economy1 min
Sam Bankman-Fried Seeks New Trial After FTX Fraud Conviction
generalNegative

Sam Bankman-Fried Seeks New Trial After FTX Fraud Conviction

Sam Bankman-Fried seeks a new trial after his 2023 fraud conviction, citing limited evidence and challenging court rulings....

Blockonomi1 min
Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24
generalNegative

Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24

On Monday, the decentralized finance (DeFi) protocol Stream Finance announced that an external fund manager misplaced a jaw-dropping $93 million in St...

Bitcoin1 min
Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon
generalNegative

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon

TL;DR Binance CEO denies promoting Trump's stablecoin. The allegations involve a $2 billion investment in MGX. Senator Elizabeth Warren denounced thes...

Crypto Economy1 min
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case
generalNegative

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although...

Crypto Economy1 min
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
generalNegative

U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tie...

Coindesk1 min