Walmart's OnePay will introduce cryptocurrency trading and custody for Bitcoin and Ether

OnePay, a fintech firm majority-owned by Walmart, will soon start offering cryptocurrency trading and custody on its mobile app, according to ￰0￱ development comes as crypto continues to gain mainstream adoption, with banks now openly developing crypto offerings and engaging in talks about issuing ￰1￱ OnePay app aims to be an “everything app” for digital finance, already offering services like high-yield savings accounts, credit and debit cards, and buy now, pay later ￰2￱ will be able to trade BTC and Ether first According to CNBC, which cited sources with knowledge on the matter, OnePay has partnered with Zerohash to offer customers access to Bitcoin and Ether later this ￰3￱ OnePay eventually allows users to hold Bitcoin and Ether in their mobile app, customers may be able to convert their crypto into cash and use the funds to make store purchases or pay off card ￰4￱ will use its links to Walmart , the world’s largest retailer, which has integrated its app into the in-person and online checkout process at its U.

S. locations, giving it access to the 150 million Americans who visit there ￰5￱ will help it reach a larger audience. However, since it was created as an entity separate from the retailer, its services wouldn’t be limited to only Walmart customers, and would instead look to appeal to the broader population of Americans tuning in to ￰6￱ crypto rollout is still in the pipeline, but there are already signs that the mobile app is gaining ￰7￱ fintech firm has moved up to No. 5 on Apple’s App Store ranking for free finance ￰8￱ on track to become America’s version of WeChat super app The news of OnePay’s plans to offer cryptocurrency confirms that the company has accepted crypto as a core ￰9￱ is currently positioning itself as the “everything app” like WeChat, but for digital finance, and has been methodically adding new products as it moves towards that goal.

WeChat, China’s all-in-one “super app,” combines messaging, social media, payments, shopping, and countless mini apps into a single ￰10￱ Western companies have been trying to emulate this with little success, but OnePay may be able to pull it off, banking on its reputation and links to ￰11￱ timing is also favorable for OnePay: earlier this month, the SEC’s Paul Atkins declared support for platforms offering multiple financial services under one regulatory ￰12￱ regulator’s updated strategy now allows platforms to operate as “super apps” that can facilitate trading, lending and staking of digital assets, all under one regulatory umbrella. “I believe regulators should provide the minimum effective dose of regulation needed to protect investors, and no more,” Atkins said at the ￰13￱ comments have encouraged many to once again take up the ￰14￱ America, Coinbase CEO Brian Armstrong has already outlined plans to build a crypto super app that will offer credit cards, payments and Bitcoin ￰15￱ are also reports that Elon Musk’s social media behemoth X is working on pushing out an artificial intelligence-enhanced super ￰16￱ in September, South Korean fintech Toss also shared plans to launch a finance super app in Australia this year and issue a Korean won stablecoin.

However, it can only proceed after it secures regulatory ￰17￱ a premium crypto trading community free for 30 days - normally $100/mo.