OKX has announced that its cryptocurrency payment application, OKX Pay, is now live and is planning a global rollout.

BlockBeats News, April 28th, according to official sources, OKX announced the launch of a new product aimed at over one billion global users — the OKX Pay V1 version encrypted payment application. OKX Pay will be integrated as a sub-application within the existing OKX App, first launching in some markets and planning a global rollout in the coming months. Its core innovations include:

1. Simplified Self-Custody Experience: The wallet adopts a multi-signature approach, with one signature from the user's Passkey and another from OKX, achieving a secure and convenient wallet management. It also supports email retrieval via zero-knowledge (ZK) technology to reduce the risk of loss.

2. Easy Encrypted Payments: Supports transfer via messaging, initially supporting USDT, USDC, with zero fees, instant transactions, and no limits (compliant with regulatory requirements).

3. Silent Yield Feature: Deposited funds will automatically participate in low-risk on-chain protocols to earn yields, requiring no manual staking, and funds can be withdrawn at any time.

In terms of security and compliance, OKX Pay includes built-in KYC, AML, and multi-signature controls to ensure the security of user funds and prevent OKX from operating user assets without authorization.

In terms of technical support, OKX Pay is based on the ZK Layer2 blockchain — X Layer, ensuring zero transaction costs. There are plans to integrate payment service providers such as Mastercard, Stripe, etc., in the future to enable convenient merchant-side payments.