Key Takeaways:
- User-Friendly Self-Custody: Private keys are divided between you and OKX, making recovery simple and keeping your assets ultra-secure.
- Effortless Stablecoin Transfers: Send USDT or USDC worldwide in a few taps, with no fees and near-instant processing.
- Automatic Earnings: “Silent Rewards” automatically stake your balance into low-risk on-chain protocols—no lockups, no extra work.
- Powered by X Layer: OKX’s ZK-based Layer-2 ensures blazing-fast, gas-free transactions.
- Future Integrations: Mastercard, Stripe, and other payment providers are set to join, enabling real-world crypto purchases.
Table of Contents
A Message from OKX Leadership
Today, we’re excited to introduce OKX Pay — a revolutionary crypto payment system built directly into the OKX app. Tailored for a global audience of over 100 million users, OKX Pay blends self-custody, global transfers, and passive earnings in a single, easy-to-use platform.
Our mission is simple: make using crypto as easy as sending a text.
Related News: OKX to Launch Its Own Crypto Wallet.
Redefining Self-Custody
Self-custody wallets have always promised true ownership—“Not your keys, not your coins”—yet they’ve remained complicated for many users. Misplaced seed phrases, device failures, or wrong transactions have led to billions in lost crypto.
OKX Pay changes the game by splitting your private key:
- Half is securely stored in your device’s passkey wallet.
- The other half is safely encrypted with OKX.
Advantages include:
- Simple Recovery: Forgot your passkey? Recover it easily using a zero-knowledge email system.
- No More Paper Backups: Say goodbye to fragile seed phrase papers and bulky hardware devices.
- Full Control: Transactions require your explicit authorization—your funds stay under your control.
Making Global Payments Effortless
Imagine sending USD, EUR, or stablecoins across the globe as easily as chatting with a friend.
With OKX Pay, you can transfer USDT and USDC:
- Instant Payments: Pay individuals or groups in just a few clicks.
- Immediate Settlement: Transfers finalize within seconds.
- No Borders: Forget about IBANs and SWIFT codes—crypto simplifies it all.
Unlocking Passive Rewards
Your crypto shouldn’t just sit idle—it should work for you.
Thanks to Silent Rewards, your balance is automatically staked into vetted, low-risk blockchain protocols, earning passive income without any effort.
- Liquidity Maintained: Withdraw your funds anytime—no lockups or restrictions.
- Smart Optimization: The app continuously hunts for the best yield opportunities.
- Transparent Earnings: Track your growing returns daily through an intuitive dashboard.
Just relax—and watch your balance grow effortlessly.
OKX Pay and X Layer: Everyday Payments, No Gas Fees
OKX Pay operates on X Layer, a custom-built, ZK-powered Layer-2 blockchain developed with Polygon CDK.
This delivers:
- Zero gas fees on stablecoin transactions.
- High-speed settlements and strong privacy protection with zero-knowledge proofs.
But that’s not all. Soon, OKX Pay will integrate with major payment processors like Mastercard and Stripe, allowing you to:
- Tap your phone at checkout to pay with USDT or USDC.
- Earn passive Silent Rewards in the background.
- Keep your private keys safely split and secured.
OKX Pay truly bridges self-custody crypto and everyday shopping.
Shaping the Future of Finance
OKX Pay and X Layer are not just standalone products—they lay the groundwork for tomorrow’s regulatory-compliant, self-custody financial services.
Banks, fintech firms, and institutions can build their own decentralized apps (dApps) on this infrastructure, offering their clients secure custody and seamless crypto payment options.
As the global crypto user base edges closer to a billion, OKX stands ready to fuel this growth—with unmatched speed, security, and simplicity.
