Walmart has announced plans to integrate Ethereum payments through its fintech subsidiary OnePay's app, with services expected to launch by the end of 2025. This initiative is supported by a strategic partnership with Zerohash, which will provide the necessary crypto infrastructure for the integration.
Edward Woodford, CEO of Zerohash, emphasized the confidence in crypto infrastructure, stating, "Zerohash recently raised $104 million from institutional investors, showcasing confidence in crypto infrastructure." The integration will enable users to purchase, hold, and transact in cryptocurrencies, initially supporting Ethereum and Bitcoin, with a gradual rollout anticipated across select U.S. states.
This move is poised to enhance mainstream cryptocurrency adoption, potentially increasing retail-driven activities and liquidity for Ethereum and Bitcoin. Historical data from similar integrations, such as PayPal's crypto launch, suggests potential for short-term price growth and enhanced asset exposure in the market.