OnePay, backed by Walmart, plans to launch cryptocurrency trading and custody services on its app, allowing U.S. consumers to buy, hold, and spend digital assets like Bitcoin and Ethereum. Zerohash will power the services, aligning OnePay with popular super apps like WeChat.

The move marks OnePay’s transformation into a comprehensive “everything app” for digital finance, offering high-yield savings accounts, payment options, and now crypto trading. Integration of Bitcoin and Ethereum custody could enable users to convert holdings into cash for use at Walmart stores or online checkouts.

Cryptocurrency adoption in the U.S. is on the rise, with major financial institutions like Morgan Stanley embracing digital assets. Zerohash, the startup supporting OnePay’s crypto rollout, recently raised $104 million in funding. OnePay’s app is already gaining popularity, ranking fifth on the Apple App Store for free finance apps.

As the demand for crypto grows, OnePay’s move to offer cryptocurrency trading and custody services aligns with market trends and consumer preferences. The partnership with Zerohash and support from major financial institutions signal a strategic step towards establishing OnePay as a key player in digital finance.

Read more at Yahoo Finance: Walmart’s OnePay to Introduce Crypto Trading and Custody: Report