Walmart’s Financial Tech Arm OnePay Ventures Into Cryptocurrency
In an intriguing development, Walmart’s financial technology division, OnePay, is reportedly poised to integrate RLUSD payments on the XRP Ledger. This move is facilitated through a collaboration with ZeroHash, a Chicago-based licensed digital asset firm specializing in infrastructure for crypto payment platforms. This strategic alliance underscores Walmart’s commitment to expanding its digital finance footprint by embracing blockchain technology, with stablecoin Ripple USD (RLUSD) now being supported on the XRP Ledger. The collaboration could significantly enhance OnePay’s capabilities, bringing blockchain-based payments closer to everyday transactions.
OnePay’s Partnership with ZeroHash: A Step Towards Cryptocurrency Adoption
As detailed in a post by Chad Steingraber on X, OnePay, a fintech entity with Walmart as its major stakeholder, is set to introduce cryptocurrency trading and custody within its mobile application. This development will empower OnePay users to manage digital assets with the same ease and security as traditional banking services.
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Established in 2021 through a partnership between Walmart and Ribbit Capital, OnePay already provides a suite of financial solutions, including savings accounts, credit and debit cards, buy-now-pay-later plans, and mobile services. The addition of cryptocurrency features marks a significant milestone in OnePay’s journey towards becoming an all-encompassing personal finance app. This move not only aligns with OnePay’s vision but also potentially connects Walmart’s extensive customer base to XRP-powered payment solutions.
By joining forces with ZeroHash, OnePay is tapping into a broader financial ecosystem that seamlessly integrates with the XRP platform. This partnership could be a game-changer for Walmart, offering a straightforward avenue for millions of customers to engage with digital currencies.
ZeroHash’s Integration of Ripple USD (RLUSD) on the XRP Ledger
Documents associated with Steingraber’s report reveal that ZeroHash has introduced support for Ripple USD (RLUSD) on the XRP Ledger as of February 3, 2025. This update allows users, including those in New York, to perform transactions such as buying, selling, depositing, and withdrawing RLUSD. While RLUSD is also available on the Ethereum network, the focus remains on leveraging the XRP Ledger for OnePay’s operations.
Ripple USD (RLUSD) functions as a stable digital dollar on the XRP Ledger, designed for regular financial activities due to its quick, cost-effective transactions and stable value. Licensed by the New York State Department of Financial Services, ZeroHash LLC and ZeroHash Liquidity Services LLC are authorized to offer virtual currency services, ensuring secure crypto transactions and custody for platforms like OnePay.
The synergy between OnePay, ZeroHash, and RLUSD on the XRP Ledger highlights Walmart’s foray into the digital finance domain. This move signals a transformative phase where major retail entities like Walmart begin implementing blockchain technology within real-world payment systems.
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