"Pushing the Next Billion Users into the Crypto World – What's Next for OKX PAY?" 》 Yesterday at the Token2049 Summit, the @star_okx boss officially introduced OKX Pay And in the past few days, it has unexpectedly become popular because of the "group chat and red envelope" function~ (Those who grab red envelopes and send red envelopes all say that they are very cool 🤣.) Relying on OKX's more than 100 million existing users, OKX Pay completed a cold launch at the initial stage of its launch Quickly cut into the crypto payment track! At the same time, everyone is also speculating, what is the next stage of OKX Pay? 1. Tools to Lifestyle: Promoting the "Last Mile" of Integrating Crypto Assets into Everyday Life The small jar takes you to imagine: One morning, when you went to buy soy milk, the boss showed you a QR code that could scan USDT When you use the ETH in your phone to pay for coffee, the receipt will automatically display "This consumption is equivalent to 0.0012 ETH, and the real-time exchange rate has been converted to the local currency for you". This is no longer science fiction, but a futuristic payment scenario that OKX Pay is advancing We hope to open up the path from online trading to offline consumption, and truly promote the integration of crypto assets into the "last mile" of daily life At present, OKX Card, a partnership between OKX Pay and Mastercard, is integrating crypto payments into daily consumption scenarios. Whether it is in-app QR code payment or stablecoin collection, there is no need to manually manage the private key, lowering the threshold for novices, and the experience is closer to Web2!! 2. The native payment tool of the currency circle, the future of PayFi! As of April 2025, the global stablecoin market capitalization has exceeded $240 billion. According to Thunes' research, stablecoins are at an inflection point in the B2B trade and fast settlement space, with more than 70% of cross-border transactions using stablecoins. Moreover, compared with traditional wire transfers, stablecoin settlement can reduce the cost by more than 40% and significantly improve the payment speed, which shows that the demand for stablecoin payment is huge Unlike Visa and PayPal, which introduced crypto payments through centralized methods, OKX Pay, as an on-chain native product, uses a decentralized architecture to provide X Layer zero-fee on-chain settlement, ensure that users control their own assets, and pave the way for the future PayFi ecosystem. 3. Synergies between the three business lines The three core business segments of OKX, namely Centralized Exchange (CEX), One-Stop On-Chain Entry (Wallet), and Decentralized Payment (OKX Pay), have developed synergistically to jointly promote a smooth user experience while continuously lowering the threshold for Web3 participation Whether it is in terms of the convenience and security of asset transactions, or the accessibility and usability of on-chain applications, we hope to provide better services to everyone and help more people participate in Web3. 4. Global payment landscape Just as OKX CEO Star is looking forward to – Road to the Next Billion Users." The future is here, and the good life of crypto payments is becoming within reach, and OKX Pay will accelerate this vision and become the infrastructure that will drive the next billion users into the crypto world! Of course, after the launch, we also received feedback from everyone: All our products are based on user needs, and your voice is an important reference for our product iteration. The original version of OKX Pay still has shortcomings: - For example, it is only available in certain regions; - The supported public chains are relatively limited; - As well as the IM group that unexpectedly became popular, everyone felt that the current expansion to 500 people was not enough, etc Although these shortcomings require follow-up iterations, they also reflect everyone's great enthusiasm and participation in social payment gameplay. We hope to hear your voices, welcome to continue to feedback duck~ Innovation has always been the core driving force of OKX, and after CEX and Wallet, this time, we are here with OKX Pay. Sherry, head of OKX Pay, disclosed in a space sharing that four iterations were completed within 8 months before the product was launched, and each update was an in-depth thinking and strategic layout of the future payment ecosystem. Such a high-frequency pace of innovation not only reflects the team's dedication to product excellence, but also means that OKX Pay is using technological innovation as the engine to gradually realize the vision of integrating crypto assets into daily payments. For more in-depth content, please check out the media article~