Walmart Adds Bitcoin and Ethereum to OnePay App
Walmart's Crypto Initiative: Walmart is partnering with Zerohash to integrate Ethereum and Bitcoin trading into its OnePay app, aiming for functionality by the end of 2025, with initial implementation in select U.S. states.
OnePay Features: The OnePay app, developed with Ribbit Capital, will allow consumers to trade cryptocurrencies for retail purchases, although stablecoins are not yet included in the trading options.
Regulatory Status: There are currently no official regulatory comments from entities like the SEC or CFTC, and compliance reviews are ongoing, with the app expected to adhere to KYC and consumer protection standards.
Context of Adoption: Walmart's move follows similar initiatives by companies like PayPal and Samsung, which have successfully integrated cryptocurrencies, potentially accelerating mainstream adoption among consumers.
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