OnePay, a banking app majority-owned by Walmart, is set to introduce crypto support, as per CNBC. The app will offer cryptocurrency trading and custody, with plans to support Bitcoin (BTC) and Ether (ETH) later this year. OnePay aims to be a US version of China’s WeChat, offering various banking services.

WeChat, China’s superapp, combines messaging, social media, payments, shopping, and more. Many Western companies aspire to replicate its success. OnePay has not responded to requests for comment. The US Securities and Exchange Commission Chairman supports platforms offering various financial services under one regulatory framework, potentially paving the way for OnePay’s success.

Coinbase CEO plans to create a crypto super app, while South Korean fintech unicorn Toss intends to launch a finance superapp in Australia. Elon Musk’s X is also developing an artificial intelligence-enhanced superapp. The race is on to create the next big superapp in the financial and tech industry, with various companies vying for dominance.

Read more at Cointelegraph: Walmart-Owned Bank App OnePay to Add Crypto Support: Report