OKX Launches World's First Encrypted Payment Wallet With 5% USDT Yield

OKX CEO Star announced at the Token2049 summit in Dubai that OKX Pay has officially launched. This new payment wallet is described as the world's first encrypted payment wallet with a complete built-in compliance system. OKX Pay supports users to instantly and securely send and receive USDT and USDC globally. The wallet is built on the Account Abstract (AA) architecture and ZK Email technology, incorporating features such as multi-signature, Anti-Money Laundering (AML), and password recovery. Additionally, it offers zero transaction fees on OKX's self-developed ZK Layer 2 network, X Layer, and provides users with up to a 5% USDT annual yield.

Star highlighted the significance of OKX Pay, stating that in the future, all financial institutions will provide some form of non-custodial services in a compliant manner, covering scenarios such as payments and remittances. He emphasized that OKX Pay and X Layer are building the underlying infrastructure needed for this future, aiming to propel hundreds of millions of users into the world of crypto and Web3. This initiative is seen as a gateway for billions of users to enter the Web3 ecosystem, leveraging the compliance and security features of OKX Pay to facilitate widespread adoption.