OnePay Surges to Top 5 in App Store, Crypto Trading on the Way
OnePay, the finance app backed by Walmart and Ribbit Capital, has surged to the top 5 in Apple's App Store rankings. It's expanding its services, with crypto trading on the horizon, thanks to a partnership with Zerohash.
OnePay's rise comes as the U.S. government eases regulations, allowing 'super-apps' to offer multiple financial services, including crypto trading. The app already provides high-yield savings, credit cards, loans, and wireless plans. Crypto trading will further its goal of becoming an 'everything app' for money management, putting it in direct competition with PayPal, Venmo, and Cash App.
OnePay's crypto feature will be powered by Zerohash, which recently raised $104 million, valuing the company at $1 billion. Zerohash, with over 5 million users in 190 countries, provides crypto services for several large companies. Neither OnePay nor Zerohash has officially announced the partnership, but sources have confirmed the plans. Users will be able to buy, sell, and hold Bitcoin and Ethereum directly in the OnePay app.
OnePay's addition of crypto trading, facilitated by Zerohash, could accelerate mainstream adoption of digital currencies. This move puts pressure on OnePay to keep up with competitors but also opens up new opportunities for growth and innovation in the finance app market.
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