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Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say

1. OnePay will offer cryptocurrency trading and custody services soon. 2. The app integrates with Walmart's checkout process, boosting its distribution. 3. OnePay is gaining traction as a top finance app on Apple Store. 4. Big banks are evolving to offer crypto services, expanding competition. 5. OnePay aims to appeal to underserved demographics beyond Walmart shoppers.

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FAQ

Why Bullish?

Walmart's investment in OnePay aligns it with rising crypto adoption and consumer engagement. Historical data shows that successful tech integrations generally boost retailer revenues.

How important is it?

OnePay's innovations can leverage Walmart's customer base, fostering loyalty and potential sales growth through financial and crypto services.

Why Long Term?

As crypto and fintech continue to grow, OnePay's offerings can significantly increase user engagement over time, thus enhancing Walmart's market position.

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