OnePay to Introduce Bitcoin and Ether Trading Features by Year-End
- OnePay plans to launch cryptocurrency trading and custody features in its app by the end of the year.
- The service will allow users to buy, hold, and convert bitcoin and ether.
- Crypto infrastructure will be provided by Chicago-based Zerohash, which recently raised over $104 million for expansion.
- OnePay was founded in partnership with Walmart and Ribbit Capital in 2021, aiming to serve users underserved by traditional banks.
- The app currently offers services like high-yield savings accounts, debit cards, and peer-to-peer payments.
By integrating crypto features, OnePay aims to attract users who prefer managing their digital finances within a single platform, especially those shopping at Walmart’s nearly 4,600 U.S. stores. This move aligns OnePay with competitors such as Venmo and Cash App that already offer similar services.
The introduction of bitcoin and ether trading could enhance user engagement on OnePay’s platform as it expands its financial offerings beyond traditional banking solutions.
