Aiming to simplify crypto transactions and mainstream stablecoin adoption, OKX has launched OKX Pay—a self-custody payment app integrated into its platform. The app enables users to send and receive stablecoins (USDT and USDC) with zero fees and near-instant settlements.
Key Features of OKX Pay
- Self-Custody Simplified: Users manage half their private key via a passkey wallet, while OKX secures the other half, eliminating seed phrase hassles.
- Compliance & Security: Built-in KYC, AML, and multisignature protections ensure funds remain secure without OKX’s explicit permission.
- Silent Rewards: Deposits automatically earn rewards through low-risk on-chain protocols, with flexible withdrawals.
- Unlimited Transfers: Send funds to individuals/groups, compliant with regulations.
👉 Discover how OKX Pay revolutionizes crypto payments
The OKX Card Partnership with Mastercard
Mastercard collaborates with OKX to debut the OKX Card, a debit card bridging crypto spending to Mastercard’s global network. This initiative:
- Allows merchants to settle in stablecoins (USDC, USDP) via partners like Circle and Paxos.
- Aligns with Mastercard’s goal to streamline stablecoin payments.
Future Vision
Star Wu, OKX CEO, outlines upcoming integrations:
- Payment Providers: Partnerships with Mastercard, Stripe, and others to enable POS purchases.
- Institutional Adoption: X Layer and OKX Pay as infrastructure for self-custody services like remittances.
"Crypto is going mainstream—OKX Pay accelerates this journey."
— Star Wu, CEO, OKX
Recent OKX Milestones
- U.S. Expansion: Launched crypto exchange and Web3 wallet in San Jose, CA.
- Dubai Collateral Program: With Standard Chartered, enabling crypto-backed institutional collateral.
- Proof-of-Reserves: $24.6B verified reserves (>100% ratios for BTC, ETH, USDT, USDC).
FAQs
Q: Is OKX Pay available globally?
A: Currently in select markets, with a full rollout planned.
Q: How does OKX Pay ensure security?
A: Through split-key custody, ZK email recovery, and multisignature protocols.
Q: What stablecoins are supported?
A: USDT and USDC initially.
Q: Are there transaction limits?
A: No limits, subject to compliance checks.
Q: When will the OKX Card launch?
A: Follow official announcements for updates.