OKX Launches OKX Pay for Seamless Crypto Transactions

OKX has introduced OKX Pay, a new crypto payment solution integrated into the OKX app. This innovative service is designed to cater to over 100 million users worldwide, offering a seamless blend of self-custody, global money movement, and automatic yield generation. The primary goal of OKX Pay is to make cryptocurrency transactions as effortless as sending a text message.

One of the standout features of OKX Pay is its practical self-custody mechanism. Private keys are split between the user and OKX, ensuring easy recovery and robust security. This approach eliminates the need for fragile seed-phrase backups and cumbersome hardware, while still providing users with absolute control over their funds. In case of a forgotten passkey, recovery can be done via zero-knowledge email, adding an extra layer of convenience and security.

OKX Pay also facilitates seamless stablecoin payments. Users can send USDT or USDC globally with just a few taps, enjoying zero fees and instant settlement. This feature makes it possible to pay individuals or groups effortlessly, without the hassle of IBANs or SWIFT codes. The borderless nature of crypto rails ensures that funds arrive almost immediately, making international transactions swift and efficient.

Another notable aspect of OKX Pay is its hands-off yield feature, known as "Silent Rewards." This feature automatically stakes the user's balance in low-risk on-chain protocols, generating passive yield without any manual effort. Funds remain fully liquid, allowing users to withdraw at any time without lock-up periods. The app continuously discovers and optimizes new yield opportunities, providing a transparent dashboard that shows daily earnings, ensuring users can watch their balance grow effortlessly.

OKX Pay is built on X Layer, OKX’s ZK-based layer-2 blockchain co-developed with Polygon CDK. This infrastructure ensures ultra-fast, gas-free transactions, high-throughput settlement, and privacy-preserving, efficient zero-knowledge security. Looking ahead, OKX Pay plans to integrate with mainstream payment networks like Mastercard and Stripe, enabling seamless in-store and online purchases with USDT or USDC. This integration will allow users to tap their phones at any Point of Sale to pay with stablecoins, while Silent Rewards quietly accrue yield in the background, and private keys remain securely split between the user and OKX.

OKX Pay and X Layer are not just products; they represent the foundation for tomorrow’s compliant, self-custody financial services. Banks, fintechs, and institutions will be able to build their own decentralized applications (dApps) on this infrastructure, offering customers secure, permissioned custody and payment features. As global crypto adoption continues to grow, OKX is poised to power this journey with speed, security, and simplicity.