tldr; Walmart-backed fintech OnePay has introduced in-app Bitcoin and Ethereum trading starting at $1. The feature, called OnePay Crypto, allows users to buy and sell BTC and ETH, with proceeds added to a cash balance for Walmart purchases. Users cannot transfer crypto to external wallets, and transactions are subject to fees and spreads. The service prioritizes simplicity, linking crypto trading to a spendable cash balance within the app, but does not support direct crypto payments at Walmart checkouts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Escapement_Watch on
“quietly” is how you your being lied too.
It’s cryptos favorite word to trick you
iwantagrinder on
Thank you Flexa patents, thank you $AMP
MarioWilson122 on
For them to truly be pro crypto, they should be allowing people to buy with the actual crypto, not having to convert it to dollars first.
PSYKO_Inc on
So let me get this straight…you can trade paper crypto within their walled garden, losses come out of your own money, but any gains can only be spent at Walmart?
Fuck that bullshit.
forsen_capybara on
Uh huh, normies are totally going to CHOOSE to pay with crypto (which is then converted to fiat for Walmart’s purposes)
platinumarks on
Yeah, no one’s gonna use this.
rocket_beer on
None of this is crypto.
This is fiat to fiat.
Ok-Arachnid-460 on
Pff I keep all mine in OneCoin
CipherScarlatti on
This feels like the setup to that Chris Farley instant coffee skit from SNL.
Walmart: :”Did you know your transaction today can involve crypto?”
Normie: [ confused ] “Wha-at?”
Walmart: “I said, you can experience crypto in your transaction today!”
Normie: [ the smile silently disappears from his face, as anger sets in ] “Why.. you.. sonofa**bitch!**Â You no-good.. damn.. sonofa**BITCH!!**Â [ throws his recipt to the floor, then seizes the Walmart employee by the collar ]Â **You LIED to me!! You told me this was a REGULAR TRANSATION!**Â
setokaiba22 on
This is such a non story nobody will be doing this it’s the same as when a crypto card releases with say Visa/Mastercard providing the card and it’s like 200 million merchants it means nothing
jbraden on
You can’t even tap to pay at Wal-Mart because they want to push their Wal-Mart Pay.
Now they’re building another system instead of just opening up to the existing market.
T1Pimp on
They bought that bank to profit off their employees. Full stop.
I used One before and after Walmart. Bad enough I left all neos and just went to Chase (ew gross but they have mortgage so…).
MobilePenguins on
I signed up for a free account and they gave me $5 of paper trade Bitcoin on the house. Its not you keys, not you coin, but you can basically invest a speculate on the price action of bitcoin. Most Walmart normie users prob safer to not have them managing their own keys. Just be aware of what the service is and who it’s geared towards.
kingp43x on
lol sure… just like bitcoin ATMs where you pay like a thousand dollars over spot price..
15 Comments
tldr; Walmart-backed fintech OnePay has introduced in-app Bitcoin and Ethereum trading starting at $1. The feature, called OnePay Crypto, allows users to buy and sell BTC and ETH, with proceeds added to a cash balance for Walmart purchases. Users cannot transfer crypto to external wallets, and transactions are subject to fees and spreads. The service prioritizes simplicity, linking crypto trading to a spendable cash balance within the app, but does not support direct crypto payments at Walmart checkouts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
“quietly” is how you your being lied too.
It’s cryptos favorite word to trick you
Thank you Flexa patents, thank you $AMP
For them to truly be pro crypto, they should be allowing people to buy with the actual crypto, not having to convert it to dollars first.
So let me get this straight…you can trade paper crypto within their walled garden, losses come out of your own money, but any gains can only be spent at Walmart?
Fuck that bullshit.
Uh huh, normies are totally going to CHOOSE to pay with crypto (which is then converted to fiat for Walmart’s purposes)
Yeah, no one’s gonna use this.
None of this is crypto.
This is fiat to fiat.
Pff I keep all mine in OneCoin
This feels like the setup to that Chris Farley instant coffee skit from SNL.
Walmart: :”Did you know your transaction today can involve crypto?”
Normie: [ confused ] “Wha-at?”
Walmart: “I said, you can experience crypto in your transaction today!”
Normie: [ the smile silently disappears from his face, as anger sets in ] “Why.. you.. sonofa**bitch!**Â You no-good.. damn.. sonofa**BITCH!!**Â [ throws his recipt to the floor, then seizes the Walmart employee by the collar ]Â **You LIED to me!! You told me this was a REGULAR TRANSATION!**Â
This is such a non story nobody will be doing this it’s the same as when a crypto card releases with say Visa/Mastercard providing the card and it’s like 200 million merchants it means nothing
You can’t even tap to pay at Wal-Mart because they want to push their Wal-Mart Pay.
Now they’re building another system instead of just opening up to the existing market.
They bought that bank to profit off their employees. Full stop.
I used One before and after Walmart. Bad enough I left all neos and just went to Chase (ew gross but they have mortgage so…).
I signed up for a free account and they gave me $5 of paper trade Bitcoin on the house. Its not you keys, not you coin, but you can basically invest a speculate on the price action of bitcoin. Most Walmart normie users prob safer to not have them managing their own keys. Just be aware of what the service is and who it’s geared towards.
lol sure… just like bitcoin ATMs where you pay like a thousand dollars over spot price..