OnePay Adds Crypto to Mobile Banking App
- * Increased Crypto Adoption: Cryptocurrency is gaining more mainstream acceptance, notably following a shift in the U.S.government's approach after the election of Donald trump.
Hear’s a breakdown of the key information from the provided text:
* Increased Crypto Adoption: Cryptocurrency is gaining more mainstream acceptance, notably following a shift in the U.S.government’s approach after the election of Donald trump.
* Big Banks Entering Crypto: Major financial institutions,previously hesitant,are now developing crypto offerings.
* Morgan stanley: Will soon offer direct crypto access to retail clients thru its E-Trade platform.
* Interactive Brokers: Participated in a funding round for Zerohash.
* Zerohash Funding: Startup Zerohash raised $104 million in funding from firms including Morgan Stanley and Interactive brokers, aiming to integrate with banks and brokers building crypto products.
* OnePay’s Growth: The OnePay mobile app is gaining popularity, ranking No. 5 on Apple’s free finance app list, surpassing larger competitors like JPMorgan Chase, Robinhood, and Chime.
* Companies Mentioned:
* Donald trump
* Morgan Stanley (MS)
* Interactive Brokers (IBKR)
* Zerohash
* JPMorgan Chase (JPM)
* Robinhood (RH)
* Chime (CHYM)
* OnePay