Walmart-Owned OnePay To Accept Shiba Inu (SHIB) As Payment

Shiba Inu is now officially being accepted as a payment option on the majority of Walmart-owned fintech platform OnePay. The payment platform is also jointly owned by venture capital firm Ribbit Capital in partnership with Walmart in 2021. Shibizens, a Shiba Inu-focused X account, shared this information in a recent tweet.

OnePay is valued at over $4 billion with close to 3 million monthly active users. The fintech app also offers other deliverables apart from payments, including banking services, savings, credit cards, and investing, among others. Paying in Shiba Inu for purchases on OnePay will be enabled for all customers using the app.

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OnePay App Allows Payments in Shiba Inu

Cryptocurrency payments are increasingly becoming popular with several retailers accepting digital assets at the check-out counter. From Bitcoin to Ethereum and Shiba Inu, these assets are the most sought-after. Moreover, OnePay accepting Shiba Inu as payment gives the dog-themed token a boost in real-world use cases.

The more customers spend Shiba Inu on OnePay and other payment apps, the better for its price prospects. SHIB needs use cases to survive as its price has mostly headed south in the last two years. Allowing customers to check out with SHIB gives the token a shot in the arm.

Also, a handful of retailers had accepted Shiba Inu as a form of payment from 2021 to 2023. The acceptance paused from 2024 as SHIB dwindled in value, leading to losses for retailers. Moreover, OnePay accepting Shiba Inu comes as a breath of fresh air amid the ongoing downturn.

Also Read: Can Shiba Inu Still Rise 100%?

“SHIB is now live on OnePay,” wrote Shibizens. “OnePay is a Walmart-majority-owned fintech app valued at $4B, with over 3M monthly active users. The app offers banking, savings, credit cards, BNPL, and investing. Crypto access starts from $1, with tracking, alerts, and recurring purchases available. On March 20, OnePay expanded its crypto platform from 2 assets to 12,” read the tweet.