"By adding bitcoin custody and trading, the firm jumps on the bitcoin boat alongside other U.S. fintech leaders like PayPal, Venmo and Cash App, all of which already allow crypto purchases. The integration could give OnePay users the ability to convert bitcoin into dollars for everyday use - whether to make purchases at Walmart stores or to pay down card balances."
"With Walmart's 150 million weekly U.S. shoppers already plugged into its ecosystem, OnePay's Bitcoin offering may reach a far broader audience than rival apps. For OnePay, the timing appears favorable. The company's mobile app now ranks No. 5 among free finance apps in Apple's App Store, ahead of JPMorgan Chase, Robinhood, and Chime, per CNBC. Nearly 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 U.S. small businesses accept over 100 cryptocurrencies, including bitcoin, through its online payments platform. Merchants pay a promotional 0.99% fee in the first year, rising to 1.5% afterward - both below the average U.S. credit card processing cost. Although OnePay operates as a separate entity, its real strength comes from being deeply integrated into Walmart's well-established and massive retail ecosystem - appearing directly at checkout both online and in stores."
OnePay will allow customers to buy, sell and hold bitcoin directly in its mobile app, launching later this year in partnership with Zerohash. The app has built an everything-app for digital finance offering savings accounts, cards, buy now-pay later services, and wireless plans. Adding bitcoin custody and trading aligns OnePay with fintech peers like PayPal, Venmo, and Cash App and enables users to convert bitcoin into dollars for purchases or to pay down balances. Walmart's 150 million weekly U.S. shoppers and checkout integration could give OnePay broader reach than rival apps, while the app ranks No. 5 among free finance apps in Apple's App Store.
Read at Bitcoin Magazine
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