Walmart's OnePay App to Offer Bitcoin and Ether Trading

By: Isha Das

In a significant move towards integrating cryptocurrencies into mainstream financial services, Walmart-owned banking app OnePay is set to introduce Bitcoin and Ether trading, according to recent reports. This initiative is part of OnePay's strategic vision to evolve into a comprehensive "superapp" akin to China's WeChat, offering a myriad of financial and transactional services.

OnePay, controlled by retail giant Walmart, plans to roll out the ability for users to trade and hold two of the most prominent cryptocurrencies—Bitcoin (BTC) and Ethereum (ETH)—later this year. This development was revealed by CNBC, which cited anonymous sources. This marks a pivotal expansion of OnePay's current offerings, which include savings accounts with high yields, credit and debit cards, loans, and wireless plans, indicating a robust growth towards digital currencies.

The app's transformation aligns with a broader trend of financial apps and services incorporating cryptocurrency functionalities. This inclusion not only caters to the burgeoning interest in digital currencies but also positions OnePay as a pioneer in the fintech industry, aspiring to blend traditional banking with modern financial technology. By doing so, it aims to provide users with seamless access to financial services and digital trading under a single platform.

This initiative by Walmart and its banking app OnePay highlights the increasing acknowledgement and embrace of cryptocurrencies by mainstream industries. As OnePay takes steps toward offering crypto services, it underscores the potential shift in consumer financial behavior and serves as a precursor to further cryptocurrency integration in everyday financial transactions. This move symbolizes an innovative leap in how consumers will interact with money, blending traditional and digital financial landscapes.