Finance
What ho, old sport! Here’s the lowdown:
- Walmart’s pet fintech, OnePay, is leaping into the crypto fray with all the grace of a fox in a henhouse. By year’s end, they promise to let you trade Bitcoin and Ether, because why not? 🌪️
- The whole shebang will be powered by Zerohash, a Chicago outfit that’s clearly cashing in on the crypto craze. This puts OnePay shoulder to shoulder with the likes of Venmo, Cash App, and PayPal-those paragons of financial sophistication. 🙄
- OnePay’s grand ambition? To become the “everything app” for digital finance. Savings, cards, peer-to-peer payments, and now crypto-because nothing says “all-in-one” like throwing volatile assets into the mix. 🎢
Ah, the marvels of modern finance! Walmart-backed OnePay, that bastion of fiscal innovation, is set to roll out cryptocurrency trading and custody features in its app by year’s end. How thrilling. 🥱
Users will be able to buy, hold, and convert Bitcoin and Ether within the app, thanks to the wizardry of Zerohash. CNBC assures us this is all very significant, citing “sources familiar with the matter.” How reassuring. 🤔
Though OnePay hasn’t deigned to confirm this publicly, the move would place it in the same league as Venmo, Cash App, and PayPal-those titans of the financial world. Bravo. 👏
Founded in 2021 by Walmart and Ribbit Capital (a name that screams gravitas), OnePay has been crafting what it calls an “everything app” for digital finance. High-yield savings, cards, peer-to-peer payments-and now, the pièce de résistance: crypto. Because what could possibly go wrong? 🚀
By adding crypto, OnePay is wagering that its users-many of whom frequent Walmart’s 4,600 U.S. stores-will yearn to spend, save, or transfer digital coins on the same platform they use for cash. A bold assumption, no? 🛒
Despite its Walmart ties, OnePay operates as a separate entity, ostensibly to appeal to a broader audience, particularly those underserved by traditional banks. How noble. 🏦
Meanwhile, Zerohash recently raked in $104 million+ from the likes of Morgan Stanley and Interactive Brokers to expand its crypto services. Capitalism at its finest. 💼
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2025-10-04 18:29