Onepay, Fintech Venture-Majority-owned by Walmart, soon allows its customers to buy, sell and keep Bitcoin directly in his mobile app. This access will help bring Bitcoin access to mainstream US retail consumers.
According to CNBC reporting, Onepay, Onepay, the service is planning the service later this year in partnership with Crypto Infrastructure Firm Zerohash.
On -Founded in 2021 by Walmart and Ribbit Capital, Onepay has steadily built an “Everything App” for digital financing offering savings accounts, cards, buy now – pay later services and even wireless plans.
By adding Bitcoin -Parent Authority and Trade, the company jumps on the Bitcoin boat with other US fintech managers such as PayPal, Venmo and Cash App, all of which already allow crypto purchases.
The integration could allow onepay users to convert Bitcoin to dollars for daily use -whether they need to make purchases in Walmart stores or to pay card balances.
With Walmart’s 150 million weekly US shoppers already connected to its ecosystem, Onepay’s Bitcoin offer can reach a much wider audience than rival apps.
For Onepay the timing occurs favorable. The company’s mobile app now ranks # 5 among free financing apps in the Apple App Store, ahead of JPMorgan Chase, Robinhood and Chime, per. CNBC.
Fintech’s embrace of Bitcoin
Almost every app ahead of Onepay in the App Store – such as PayPal and Cash App – already has some form of Bitcoin trading.
Back in July, Paypal said it will let us small businesses accept over 100 cryptocurrencies, including Bitcoin, through its online payments platform.
Dealers pay a promotional fee of 0.99% in the first year and increase to 1.5% afterwards – both under the average US credit card processing costs.
Although Onepay acts as a separate device, its real strength comes from being deeply integrated into Walmart’s well-established and massive retail ecosystem-there appear directly at checkout both online and in stores.
The distribution level places it as one of the most accessible on-ramps for everyday Americans to interact with Bitcoin, which emphasizes how the world’s largest retailer is increasingly considering Bitcoin as part of the mainstream trade.
Onepay itself is not just a single service, but a package of financial tools. The set -up includes a digital wallet for payments and rewards; Onepay later, a buy-now payment-later option driven by Klarna; and onepay cards that contain both a debit card and a reward credit card to earn points on purchases.
In addition to Bitcoin, the app will also support trading in Ethereum.