OnePay to add Bitcoin and Ether trading with Zerohash custody

OnePay, the fintech platform majority owned by Walmart, plans to add cryptocurrency trading and custody for Bitcoin and Ether to its mobile app later this year, according to people familiar with the matter. The update, being built with crypto infrastructure firm Zerohash, would let users buy, hold and convert digital assets within the app and use proceeds for purchases or to pay card balances.

People close to the project said the rollout will include custody services provided through Zerohash, allowing OnePay to rely on an existing settlement and custody infrastructure rather than building those systems in house. Zerohash recently completed a sizable funding round that pushed its valuation to about $1 billion, a development that supporters say positions it to serve banks and fintechs moving into digital assets.

OnePay launched in 2021 through a partnership between Walmart and Ribbit Capital and has since expanded beyond basic banking features to offer high yield savings, debit and credit cards, peer to peer transfers, loans and wireless plans. The app has climbed the mobile app store rankings and currently ranks among the top free finance apps, a rise company insiders attribute...