Walmart-backed fintech OnePay is collaborating with Zerohash to integrate cryptocurrency trading and custody into its app, according to CNBC.
OnePay users will soon be able to access bitcoin and ether, with availability expected later this year, sources indicate. Launched by Walmart in 2021, OnePay serves millions, providing a range of financial products including cashback debit, high-yield savings, installment loans, a digital wallet, and domestic as well as international peer-to-peer payments.
The addition of cryptocurrency is the latest enhancement for OnePay this year, following the introduction of credit cards and a mobile phone plan.
This partnership marks another achievement for Zerohash, which recently secured a deal with Morgan Stanley to facilitate crypto trading for retail customers via the E-Trade platform. Additionally, Morgan Stanley participated in a $104 million funding round aimed at expanding the crypto and stablecoin infrastructure.