OKX Pay simplifies crypto payments with zero fees.
The split-key model enhances recovery and security.
Mastercard and Stripe integration coming soon.
Crypto exchange OKX has officially launched OKX Pay, a new in-app feature aimed at simplifying cryptocurrency payments and self-custody. This move is part of OKX’s larger mission to drive the mainstream adoption of digital assets and Web 3.0 technologies.
Initially rolling out in select markets, OKX Pay enables users to make near-instant crypto transfers with no transaction fees. The service currently supports stablecoins like USDT and USDC, with plans to expand the list over time. Users can send money as easily as sending a message, with the intuitive app interface.
One of the innovations is the split-key custody approach. The users keep half of their private key in their passkey wallet, and OKX has the other half. This makes for robust recovery options without exposing security. Of particular importance, funds cannot be accessed or transferred without the permission of the user.
To promote passive income, OKX Pay introduces “silent rewards.” This feature automatically identifies low-risk staking opportunities, earning users yield without requiring active management. Deposits remain unlocked and can be withdrawn anytime.
The platform is built on X Layer, a zero-knowledge-based Layer 2 blockchain powered by Polygon’s Chain Development Kit (CDK). This architecture helps OKX maintain zero transaction costs while offering fast, secure settlements.
Security and compliance are central to OKX Pay, which includes KYC verification, AML protocols, and multisignature protections. Future updates will include integration with Mastercard and Stripe, expanding crypto usability at traditional merchant POS systems.
OKX CEO Star Xu emphasised that the new service is designed to make crypto more accessible in everyday financial activities, supporting the broader adoption of decentralised technologies.
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