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With OnePay Krypto, Walmart brings into the pockets of customers!
OnePay, supported by Walmart, plans to introduce crypto to your banking app to make digital assets accessible to everyone.
With OnePay Krypto, Walmart brings into the pockets of customers!
A new era in the fintech sector could be ushered in as Walmart-backed fintech firm OnePay plans to integrate crypto assets into its banking app. According to a report by Daily Hodl will offer OnePay digital assets such as Bitcoin (BTC) and Ethereum (ETH).
OnePay app customers have the opportunity to store their crypto assets directly in the app, convert them into cash and use the funds for purchases or to make credit card payments. Introducing these features could not only appeal to existing Walmart customers, but also reach a broader audience, including Americans who have historically been disadvantaged by banking services.
Background and financing
OnePay is not only on the way to bring crypto into the financial world, but can also look back on recent financing by important financial companies. Zerohash, a partner of OnePay, recently received $ 104 million in a financing round. These investments could be crucial for the realization of OnePay's crypto plans and support the growth of the app.
OnePay is currently ranked as the most fifth -loving free financial application in the Apple Store. This placement even exceeds established applications such as Robinhood and JPmorgan Chase and illustrates the increasing interest in the app, which aims to provide users with digital wealth products. There are already platforms such as PayPal and Venmo, which also offer digital financial products, on the list of the most popular financial applications.
Market potential and target group
The potential for OnePay is enormous, especially in a market that is increasingly dominated by digital assets. While traditional banks often have less access or higher fees for certain population groups, OnePay could be an important solution for many Americans. The integration of crypto-assets into everyday financial transactions could prove an innovative step to make banking more accessible to a broader user.
In summary, it can be said that OnePay stands for a new chapter in the digital financial world on the threshold. With the support of Walmart and the investment of Zerohash, the app could soon play a central role in linking crypto and traditional banking. The developments are being pursued with tension because they may be able to change the landscape of the fintech sector sustainably.