The post Walmart-Owned Bank App OnePay to Add Crypto Support: Report appeared on BitcoinEthereumNews.com. OnePay, a banking app majority-owned by Walmart, will soon roll out crypto support, according to CNBC. According to a Friday CNBC report citing anonymous sources, OnePay will soon offer cryptocurrency trading and custody to its users. The app is expected to support Bitcoin (BTC) and Ether (ETH) later this year. OnePay has positioned itself as a US version of a “superapp,” modeled after China’s WeChat. The platform already offers banking services including high-yield savings accounts, credit and debit cards, loans and wireless plans. WeChat is China’s all-in-one “superapp,” combining messaging, social media, payments, shopping, and countless mini apps into a single platform. This app, which many Western companies are trying to emulate, allows users to chat, pay bills, order food, book travel and more. OnePay had not answered Cointelegraph’s request for comment by publication. Related: Crypto super app brings account abstraction to the Solana blockchain The quest for a Western superapp While multiple companies have expressed interest in building a superapp like WeChat, so far, no one has successfully created one. The timing may favor OnePay. Earlier this month, US Securities and Exchange Commission Chairman Paul Atkins expressed support for platforms offering multiple financial services under one regulatory framework. The regulator’s updated strategy includes allowing platforms to operate as “super-apps” that can facilitate trading, lending and staking of digital assets under one regulatory umbrella. “I believe regulators should provide the minimum effective dose of regulation needed to protect investors, and no more,” Atkins said at the time. Related: The role of the Telegram ecosystem in the future of Web3 — Interview with Catizen The race for the superapp heats up Atkins’ comments have not fallen on deaf ears. In late September, Coinbase CEO Brian Armstrong outlined plans to build a crypto superapp, offering credit cards, payments and Bitcoin rewards to… The post Walmart-Owned Bank App OnePay to Add Crypto Support: Report appeared on BitcoinEthereumNews.com. OnePay, a banking app majority-owned by Walmart, will soon roll out crypto support, according to CNBC. According to a Friday CNBC report citing anonymous sources, OnePay will soon offer cryptocurrency trading and custody to its users. The app is expected to support Bitcoin (BTC) and Ether (ETH) later this year. OnePay has positioned itself as a US version of a “superapp,” modeled after China’s WeChat. The platform already offers banking services including high-yield savings accounts, credit and debit cards, loans and wireless plans. WeChat is China’s all-in-one “superapp,” combining messaging, social media, payments, shopping, and countless mini apps into a single platform. This app, which many Western companies are trying to emulate, allows users to chat, pay bills, order food, book travel and more. OnePay had not answered Cointelegraph’s request for comment by publication. Related: Crypto super app brings account abstraction to the Solana blockchain The quest for a Western superapp While multiple companies have expressed interest in building a superapp like WeChat, so far, no one has successfully created one. The timing may favor OnePay. Earlier this month, US Securities and Exchange Commission Chairman Paul Atkins expressed support for platforms offering multiple financial services under one regulatory framework. The regulator’s updated strategy includes allowing platforms to operate as “super-apps” that can facilitate trading, lending and staking of digital assets under one regulatory umbrella. “I believe regulators should provide the minimum effective dose of regulation needed to protect investors, and no more,” Atkins said at the time. Related: The role of the Telegram ecosystem in the future of Web3 — Interview with Catizen The race for the superapp heats up Atkins’ comments have not fallen on deaf ears. In late September, Coinbase CEO Brian Armstrong outlined plans to build a crypto superapp, offering credit cards, payments and Bitcoin rewards to…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more