Financial technology firm OnePay, backed by retail giant Walmart (WMT), is reportedly planning to integrate cryptocurrency trading and custody services into its mobile application later this year.
A report from CNBC indicates that the application will initially support trading in Bitcoin (BTC) and Ethereum (ETH). This cryptocurrency service will be facilitated through a collaboration with Zerohash, a company specializing in crypto infrastructure, according to sources familiar with the arrangement.
The CNBC report further suggests that this integration will likely provide users with the ability to convert their cryptocurrency holdings into usable funds. These funds can then be utilized for purchases at Walmart locations or to settle outstanding card balances. OnePay’s existing “everything app” framework combines various financial services, including banking, lending options, card management, and wireless services. The incorporation of cryptocurrency trading and storage functionalities will further enhance the platform’s comprehensive suite of financial offerings.
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