Introduction
A message from OKX CEO Star Xu
Today marks a significant milestone for OKX as we introduce OKX Pay—a groundbreaking crypto payment app designed to integrate digital currencies into everyday life. This innovative sub-app, available within the OKX platform, will initially launch in select markets before expanding globally over the coming months.
The Vision Behind OKX Pay
OKX Pay represents our commitment to bridging the gap between self-custody and practical crypto payments. Imagine the convenience of Web2 combined with the security of Web3, all while earning silent rewards effortlessly.
The Challenges of Self-Custody and Crypto Payments
Historically, self-custody wallets have faced usability hurdles:
- Complex key management: Losing private keys or seed phrases often results in permanent asset loss.
- Hardware vulnerabilities: Failures without backups can lock users out.
- Human error: Sending assets to wrong addresses or chains.
An estimated 14–19% of all Bitcoin (3–4 million BTC) has been lost—worth $200–$280 billion at current prices (~$95,000/BTC).
Crypto payments also struggle with adoption due to:
- Lack of KYC integration hindering mainstream finance compatibility.
- Stablecoin usability gaps compared to traditional payment apps.
How OKX Pay Solves These Problems
1. Practical Self-Custody
OKX Pay splits private key management between you and OKX:
- Half stored securely in your passkey wallet, the other half with OKX.
- Recovery options via ZK email—no more lost keys.
- No paper backups or hardware wallets required.
👉 Discover how OKX Pay simplifies self-custody
2. Effortless Crypto Payments
- Stablecoin-focused: Supports USDT and USDC (more to come).
- Zero fees: Send money globally like a text message.
- Instant settlements: No limits on transactions (compliance-approved).
3. Silent Rewards
- Auto-earn yield from low-risk on-chain protocols.
- No lock-ins: Withdraw anytime.
- No active management required.
Compliance and Security
OKX Pay is built with enterprise-grade security:
- KYC/AML protocols.
- Multisig controls for fund protection.
- Account abstraction (AA) for easy password recovery.
Powered by X Layer
- Zero transaction fees thanks to X Layer (OKX’s ZK-based L2 blockchain).
- Smart-earning features: Grow deposits passively.
Future Integrations
Planned partnerships with PSPs like Mastercard and Stripe will enable merchant PoS compatibility—stay tuned for announcements.
The Bigger Picture
OKX Pay and X Layer provide the infrastructure for financial institutions to offer:
- Self-custody payment solutions.
- Remittance services.
- Custom dApps leveraging OKX’s ecosystem.
As crypto adoption grows, OKX Pay is poised to deliver speed, compliance, and security at scale.
FAQs
1. Is OKX Pay available worldwide?
Currently rolling out in select markets, with full availability expected soon. Not all jurisdictions are supported.
2. How does silent rewards work?
Deposits automatically earn yield from vetted protocols—no staking or locking required.
3. What stablecoins are supported?
USDT and USDC at launch, with plans to add others.
👉 Learn more about OKX Pay’s features