Cryptocurrency gains steadily in the US, with more people and companies that explore digital assets for payments, savings and daily transactions. Some FinTech platforms are quietly preparing to integrate crypto into their apps, by pointing a future where digital assets become part of regular financing.
Walmart-stuned app adds crypto-trade
Onepay, a fintech company that is the majority of Walmart, is preparing to have users act and to keep cryptocurrencies via his mobile app, CNBC reported. Later this year, Onepay users can buy, sell and hold Bitcoin and Ethereum, with the support of the Crypto startup Zerhash.
Onepay integrates cryptocurrency as a core part of its “Everything app” for digital finances. The company has steadily expanded its offer in its attempt to become an American version of a super app such as WeChat.
In particular, it already offers high-interest savings accounts, credit cards and payment cards, purchase now-pay-Later loans and even wireless plans.
Simplifying payments
With the possibility of keeping Bitcoin and Ethereum directly in the Mobile app of Onepay, users can convert their digital assets into cash and then use those funds to make purchases in stores or to pay off their card balance.
Crypto adoption wins a greater momentum in the US under the government of Trump. Even before he adds crypto, Onepay makes waves in the app world. The FinTech supported by Walmart is now number 5 of the free financial apps in Apple’s App Store, for big names such as JPMorgan Chase, Robinhood.
Sec -signals support
This is because the SEC also promotes more flexible rules for digital assets.
Recently, SEC chairman Paul Atkins gave support for platforms that combine multiple financial functions under a single regulatory framework. This emphasizes the approach to better support integrated crypto platforms.
Coinbase has also shared plans to become a super app and offer all types of financial services.
CEO Brian Brian Armstrong has said that the ultimate goal of the company is to replace traditional banks by offering everything, from payments and credit cards to rewards.
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