Goodbye stablecoins? Walmart bets on BTC & ETH for everyday spending

Walmart is stepping into crypto through its fintech subsidiary OnePay. According to CNBC, OnePay is rolling out Bitcoin and Ethereum support in its mobile banking app by the end of the year. Users will be able to store BTC and ETH, convert them into dollars, and instantly spend that balance at Walmart and other retailers — or even use it to pay off their credit card debt.

Pretty impressive. I’m used to seeing stablecoins dominate these kinds of solutions lately, but this time it’s about Bitcoin and Ethereum. And honestly, it makes a lot of sense: you swipe your credit card, then log into the very same card’s dashboard, deposit Bitcoin, convert it, and settle your balance. I’m sure plenty of people will find this feature useful — especially with Walmart’s massive customer base.

It’s getting easier and easier to use Bitcoin and Ethereum as savings, and then seamlessly bring those savings back into fiat for everyday spending.

And if this takes off, other crypto holders won’t be left behind either. After all, you can always swap any coin into BTC or ETH on rabbit.io (at the best rates) and receive it to your personal wallet or directly to wallets provided by apps like OnePay.