OKX Launches New OKX Pay Payment Service to Simplify Cryptocurrency Transactions
Date: 2025-04-30 Author: Oliver Abernathy Categories: BUSINESS
OKX, a major cryptocurrency exchange and technology company, has announced the launch of its new OKX Pay payment system, which is designed to simplify and speed up cryptocurrency transactions. The main goal of the project is to make transactions not only fast and convenient, but also secure, while complying with all necessary regulatory requirements.
One of the distinctive features of OKX Pay is the self-storage function. This means that the user does not need to manage the private key themselves. The system uses a unique storage technology, in which half of the key is stored on the client side, and the other half is in the OKX system, which guarantees access recovery in case of password loss. This solution will provide a high level of security for funds.
The service provides users with the ability to send cryptocurrency payments around the world in a matter of seconds. It is important to note that OKX Pay transactions have no limits on the amount, and the app itself only supports stable cryptocurrencies, such as stablecoins.
Another interesting feature is the “mystery rewards” system. It allows users to earn rewards for deposits in low-risk on-chain protocols. This functionality makes the service more attractive to investors interested in stable and secure crypto products.
The company is also planning integration with major payment services such as Mastercard and Stripe, which will significantly expand the app’s usability in the future.
Star Xu, CEO of OKX, noted that in the future, all financial institutions will offer self-custody compliance levels for payments and remittances. He emphasized that OKX Pay and X Layer are the company’s step towards developing crypto services for billions of users around the world.
OKX Pay is currently available in select countries, and will be expanded to all regions in the coming months. The official presentation of the product is expected to take place at the TOKEN2049 crypto forum in Dubai.
OKX, one of the largest cryptocurrency exchanges in the world, is known for its innovative approach to creating products and services related to cryptocurrencies and blockchain technologies. The company has developed the popular OKX wallet, which is used to work with decentralized applications (dApps).
