OKX Set to Launch Pay Wallet for Wider Crypto Adoption
OKX CEO Star Xu has announced the upcoming release of a new product, the Pay wallet, aimed at boosting crypto adoption. The launch is scheduled for next week.
In a recent post, Xu shared screenshots of the new product, stating, “We will launch OKX pay Wallet next week. It’s a step towards a billion users adopting crypto! Looking forward to trying it!”
The Pay Wallet is a private keyless wallet designed to simplify crypto usage. It will come with a card and require Know-Your-customer (KYC) verification. the wallet will be integrated into OKX’s Ethereum Layer2 network, X Layer, focusing on USDC and USDT stablecoin payments.
Users can also earn returns through defi integration. The app includes a chat feature to confirm payment receipts. This new wallet is separate from the existing OKX Wallet app, which supports over 100 blockchains.
Industry leaders like Tron’s Justin Sun and Tether’s Paolo Ardoino have positively responded to Xu’s announcement. The Pay Wallet aims to make crypto more accessible to new users.
Previously, OKX’s web3 product manager Kyle Chen accidentally revealed details about the OKX Wallet app too early. The app was initially only available in select regions and on Google Play.
