"Driving the Next Billion Users into the Crypto World—What’s OKX PAY’s Next Move?" Yesterday at the Token2049 Summit, @star_okx officially introduced OKX Pay. And recently, it unexpectedly gained popularity due to the "group chat and red envelope" feature. (Everyone grabbing and sending red envelopes is having a blast🤣) Leveraging OKX's over 100 million existing users, OKX Pay completed its cold start immediately upon launch. Quickly entering the crypto payment track! Meanwhile, everyone is speculating, what is the next phase for OKX Pay? 1. From Tool to Lifestyle: Driving Crypto Assets into Daily Life's "Last Mile" Imagine this: On a certain morning, when you go to buy soy milk, the owner shows you a QR code that can scan USDT. When you pay for coffee with ETH on your phone, the receipt automatically shows "This purchase equals 0.0012 ETH, the real-time exchange rate has converted it to local currency." This is no longer science fiction, but the future payment scenario that OKX Pay is advancing. We hope to bridge the path from online transactions to offline consumption, truly driving crypto assets into daily life’s "last mile." Currently, OKX Pay, in collaboration with Mastercard, is integrating crypto payments into everyday consumption scenarios with the OKX Card. Whether it's in-app QR code payment or stablecoin collection, there's no need to manually manage private keys, lowering the entry barrier for beginners, and the experience is closer to Web2!! 2. Native Payment Tool in the Crypto World, Future PayFi! As of April 2025, the global stablecoin market value has exceeded $240 billion. Research by Thunes indicates that stablecoins are reaching a turning point in B2B trade and rapid settlement, with over 70% of cross-border transactions using stablecoins. Compared to traditional wire transfers, stablecoin settlement can reduce costs by over 40% and significantly enhance payment speed, showing the huge demand for stablecoin payments. Unlike Visa and PayPal introducing crypto payments through centralized methods, OKX Pay, as an on-chain native product, utilizes decentralized architecture to provide X Layer zero-fee on-chain settlement, ensuring users control their assets and paving the way for the future PayFi ecosystem. 3. Synergy of Three Major Business Lines The three core business segments of OKX centralized exchange (CEX), one-stop on-chain entry (Wallet), and decentralized payment (OKX Pay) are developing collaboratively, promoting a smooth user experience while continuously lowering the Web3 participation threshold. Whether in the convenience and security of asset trading or the accessibility and usability of on-chain applications, we aim to provide better services to help more people participate in Web3. 4. Global Payment Landscape As OKX CEO Star anticipates—"Road to the Next Billion Users." The future is here, the beautiful life of crypto payments is becoming within reach, and OKX Pay will accelerate the realization of this vision, becoming the infrastructure to drive the next billion users into the crypto world! Of course, after the launch, we have also received feedback from everyone: All our products start from user needs, your voices are an important reference for our product iteration. The initial version of OKX Pay still has shortcomings: - For example, it is only launched in certain regions; - The supported public chains are relatively limited; - And the unexpectedly popular IM group, everyone feels that expanding to 500 people is still not enough, etc. These functional shortcomings, although requiring subsequent iterations, also reflect the great enthusiasm and participation in social payment gameplay. We hope to hear your voices, feel free to continue providing feedback! Innovation has always been the core driving force of OKX, following CEX and Wallet, this time, we bring OKX Pay. OKX Pay head Sherry disclosed in a Space sharing that within 8 months before the product launch, 4 iterations were completed, each update was a deep thought and strategic layout for the future payment ecosystem. Such a high-frequency innovation rhythm not only reflects the team's dedication to product excellence but also means OKX Pay is gradually bringing the vision of integrating crypto assets into daily payments into reality with technological innovation as the engine! For more in-depth content, please check the media articles.