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OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

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OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

Key Takeaway:

  • OnePay, which is supported by Walmart, is working on the incorporation of Bitcoin and Ethereum trading and custody services into its mobile banking app.
  • The new feature enables users to convert digital assets to U.S. dollars immediately and use them to make in-store purchases and pay using a credit card.
  • The backend is being provided by fintech infrastructure provider ZeroHash, which is similar to institutional designs at Morgan Stanley and Interactive Brokers.

Walmart is enthusiastically increasing its financial technology presence by introducing digital asset utility to its huge retail ecosystem. The retail giant is transitioning out of the conventional banking business through its majority-owned fintech business, OnePay, to provide a gateway between cryptocurrency and consumer spending.

OnePay Closes the Cryptocurrency and Commerce Gap

The Walmart partner Ribbit Capital has created OnePay, which is a joint venture that is planned to launch cryptocurrency trading and custodial services by the close of 2025. This integration is a major change that the platform has already achieved having already become one of the top-five finance applications on the Apple App Store. OnePay is launching Bitcoin and Ethereum, as well as its existing range of high-yield savings, debit cards, and its buy now, pay later offerings, which puts the company in a position to become a one-stop, one-app shopping experience to the American customer.

The most striking feature of this rollout is that it has a smooth conversion mechanism. In opposition to the old-fashioned methods when it could require days to transfer money to a bank account, OnePay users will have the opportunity to convert their crypto assets into U.S. dollars in the app in almost real-time. Such money can be immediately redeemed in Walmart checkouts or charged to balances in OnePay credit cards. This service is a good way of eliminating the technical obstacles that have traditionally divided the digital resources and the weekly grocery shopping.

Read More: Amazon and Walmart’s Stablecoin Ambitions Could Disrupt Crypto Payments Landscape

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Technical Infrastructure and Partnerships

In order to support such services, OnePay is collaborating with ZeroHash, a Chicago-based infrastructure company focused on the settlement of digital assets. ZeroHash recently announced the close of a $104 million financing round with Interactive Brokers highlighting its expanding position as the plumbing of mainstream crypto adoption. Through an existing third party supplier, OnePay does not encounter the regulatory and technical challenges of developing a custom trading engine.

The presented infrastructure option will guarantee that OnePay will be able to accommodate large-volume transactions and still be compliant with the financial rules of the U.S. ZeroHash offers the APIs needed to bridge the blockchain networks to the standard banking rails that Walmart operates in the traditional banking infrastructure. This arrangement is similar to the approach taken by large brokerage firms such as the E-Trade of Morgan Stanley which is also gearing up to provide direct exposure to crypto to its clients.

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Cryptomic Utility Scaling 150M Weekly Shoppers

The move by Walmart into the crypto-to-cash world is noteworthy due to the huge number of its users. The retailer has a customer base of about 150 million customers each week in the United States alone. Whereas crypto-native products, such as Coinbase and Kraken, are aimed at investors, OnePay targets a market segment, which, perhaps, does not care about professional trading features as much as they care about the practical utility of their assets.

The program arrives when the institutional interest in the digital asset sector grows. Bitcoin has just exceeded the figure of 120,000 and market capitalization of the stablecoins has increased to an all-time high of 300 billion. These milestones have generated a new demand for retail friendly crypto products which are not simply speculative, but are efficient in terms of payments.

Read More: Coinbase Bets Big on Prediction Markets, Acquiring The Clearing Company to Scale Onchain Event Trading

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Influence on the Retail Fintech Scene

The shift places OnePay in the full-fledged competition with leading fintech companies such as PayPal, Venmo, and Cash App offered by Block. These solutions have been providing different types of crypto support over the years, but the fact that Walmart is thoroughly integrated with traditional retail is what provides OnePay an edge over the competition. As a user, the fact that one can manage a paycheck, get rewards, and use Bitcoin in the same ecosystem to purchase their household items is an impressive value proposition.

According to industry observers, it is one of several trends that are moving toward financialization of retailing. By providing a digital wallet that can be used with both fiat and crypto, Walmart is effectively proving to take over a larger portion of the financial life-cycle of the consumer. This decreases the dependence on the conventional banks and credit card networks, which may minimize transaction costs to the retailer and provide greater freedom to the customer.

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Jim Rickards Asked Robert Kiyosaki to Read One Manuscript, Then His View of Global Finance Changed

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Jim Rickards Asked Robert Kiyosaki to Read One Manuscript, Then His View of Global Finance Changed

Key Takeaways

Why Did One Manuscript Change Robert Kiyosaki’s View?

Robert Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad, said an advance manuscript of “The Entropy Trap” shared by Jim Rickards prompted him to rethink how he views global finance. Rickards is an economist, lawyer, and financial commentator known for writing about currencies, debt, and systemic market risk. Kiyosaki said the early reading changed his perspective on where the financial system may be headed.

The reaction was framed around a warning about financial change. The book, written by Mickey M. Maini, “blew my mind and opened my eyes to what & why global financial change is coming,” Kiyosaki described. His comments focused on what he described as a shift in the rules behind wealth, assets, and trust.

The central claim is that wealth could move away from people relying on traditional financial assumptions. Kiyosaki asserted:

“The informed will be tomorrow’s ULTRA RICH. Todays uniformed operating by the old rules of money… will become the new poor.”

The Warning Behind the Claim

The warning centers on assets that depend on trust, including U.S. bonds, exchange-traded funds (ETFs), and mutual funds. Kiyosaki framed those instruments as vulnerable under the financial shift he says is coming, placing commonly held investment products at the center of the risk.

That claim is severe, but he presented it as a warning rather than a proven outcome. He also pointed to large bondholders, including Japan, saying they have already started dumping U.S. bonds. He did not provide supporting data in the statement.

The acclaimed author shared:

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“Message from book… ‘All assets that require trust, assets that most people have… such as U.S. bonds, ETFs, mutual funds will be flushed down toilets, all over the world.’”

The broader conflict is whether traditional financial assets remain reliable under the conditions Kiyosaki described. His framing divides investors between those preparing for a changed financial system and those still operating under assumptions he says may no longer hold.

What Still Needs to Be Proven

A planned August study session could clarify the warning Kiyosaki described. He said his study team would examine the message and that Rickards may join, though the evidence behind the claims has not yet been laid out.

For now, the warning rests on Kiyosaki’s account of a manuscript that changed his view. He urged readers to prepare, writing:

“I want you to be one of the world’s new rich.”

What remains unknown is whether market data, policy moves, or investor behavior will confirm the risk he described.

His recent commentary has focused on what he describes as fragility in the global monetary system, particularly around the U.S. dollar. He has pointed to rising debt, central bank policies, and inflation as risks that could trigger a sharp market downturn.

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Alongside those concerns, he has repeatedly highlighted bitcoin, gold, and silver as alternative stores of value. In his view, those assets may help reduce exposure to traditional financial instruments during periods of currency weakness and market turbulence.

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Strategy Is No Longer Just Going to “Inoculate the Market,” Selling Crypto May Be Much More Common. Here’s What That Could Mean for the Stock | The Motley Fool

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Strategy Is No Longer Just Going to “Inoculate the Market,” Selling Crypto May Be Much More Common. Here’s What That Could Mean for the Stock | The Motley Fool

When Strategy (MSTR 0.69%) sold a modest amount of Bitcoin earlier this year, it was a noteworthy development given that the company’s business has centered around buying up as much of the cryptocurrency as it can, and vowing to never sell. And it often boasts of being the largest corporate holder of the digital currency.

The company brushed off the sale of 32 Bitcoins, with management saying it simply wanted to “inoculate the market.” Well, now it appears that Strategy is doing much more than just that, and there could be more significant cryptocurrency sales in the future.

Image source: Getty Images.

Strategy unveils a Bitcoin monetization program

On June 29, Strategy released a framework going forward that it says will “enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation for shareholders.” Among the notable components is its Bitcoin monetization program.

Within that program, the company says it may sell some of its cryptocurrency holdings for multiple reasons, including to fund a USD reserve, fund dividends or interest expense, or to fund repurchases of digital credit securities or common stock.

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While the company says it remains committed to Bitcoin for the long term and it’s the company’s “primary treasury reserve asset,” it’s a significant change of course for Strategy, which was previously heavily against ever selling the digital asset.

Strategy Stock Quote

Today’s Change

(-0.69%) $-0.69

Current Price

$100.08

The stock is as risky and volatile as ever

Whether or not Strategy buys or sells Bitcoin doesn’t change the fact that this is a highly risky and speculative stock to own. While crypto fans may be disappointed in the company’s change in strategy, selling Bitcoin will likely not be enough to make the business any better or worse as an investment.

In just the past 12 months, the stock has plummeted a whopping 75% as volatility in digital assets has drastically weighed on its earnings, with the company incurring $12.8 billion in losses over the trailing 12 months, on revenue of $490 million.

That’s not likely to change significantly, even if Strategy offloads some of its crypto holdings, because with such a large exposure to Bitcoin, how the cryptocurrency performs will inevitably impact the company’s bottom line in a big way. This year, the leading cryptocurrency is down 28% as investor excitement around it has largely cooled off, which has proven disastrous for Strategy’s stock as well. And at this stage, there’s little reason to anticipate a recovery anytime soon.

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An Easy-to-Miss Radio Traffic Jam Is Behind Many Home WiFi Slowdowns

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An Easy-to-Miss Radio Traffic Jam Is Behind Many Home WiFi Slowdowns

Key Takeaways

Your WiFi can feel rock-solid at midnight and oddly sluggish by breakfast, even when you have not touched a single setting. The culprit is often outside your walls: a crowded slice of public radio spectrum where your router has to negotiate space with every nearby network, plus a grab bag of household gadgets that leak interference. Add peak-hours demand and the signal-blocking quirks of building materials and weather, and “slow internet” starts to look less like a billing issue and more like an invisible traffic problem you are forced to share.

When WiFi slows down without warning

One day your home WiFi feels snappy, the next it drags, even though your router hasn’t moved and your internet plan hasn’t changed. That swing is real, and it’s usually not your imagination or a “bad day” from your ISP. WiFi lives on shared airwaves, and those airwaves get crowded, noisy, and sometimes just plain finicky.

Think of your connection as a conversation in a busy room. Your laptop and router may be talking just fine, but the room itself can fill up fast with other chatter. What looks like a mystery slowdown is often the result of invisible competition and interference that changes hour by hour.

The battle of competing networks

Most homes still rely heavily on the 2.4 GHz and 5 GHz WiFi bands, which are unlicensed spectrum in the US. That “free for everyone” reality is convenient, but it also means your network shares space with your neighbors, their smart TVs, their work laptops, and every nearby router doing the same thing.

Congestion has a rhythm. During common work-from-home and school-from-home windows, especially 8-10 AM, and again in the evening 6-10 PM, more devices are streaming, video calling, syncing, and downloading updates. Even if you pay for fast broadband, your WiFi link can become the bottleneck when the local radio environment gets packed.

Interference inside your home

Your own house can sabotage you. A microwave is the classic culprit because it can leak noise near 2.4 GHz, exactly where many WiFi networks still operate. Older cordless phones, some baby monitors, and even dense clusters of Bluetooth gadgets can add more clutter, especially in smaller apartments where everything sits close together.

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Then there’s physics. Concrete, metal, and even water (think aquariums or thick pipes in walls) absorb and scatter radio signals. A router shoved behind a TV, tucked into a cabinet, or stuck in a far corner forces your devices to “hear” through more obstacles, lowering speeds and making dropouts more likely.

Weather, channels, and what you can do tonight

Environmental changes can matter too. Higher humidity and rain can slightly increase signal loss, and shifting temperatures can change how radio waves propagate around a neighborhood. You might never notice on its own, but paired with congestion it can tip a marginal connection into a frustrating one.

The 2.4 GHz band is also channel-limited. In the US there are 11 channels, but only 1, 6, and 11 don’t overlap. Many routers default to “auto channel,” so nearby networks can hop around trying to escape interference, sometimes creating instability. Practical fixes: prefer 5 GHz (or 6 GHz if you have WiFi 6E/7 gear), place the router centrally and higher up, and use a WiFi analyzer app to pick a less crowded channel instead of leaving it on auto.

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