OKX CEO Star Unveils OKX Pay as the Gateway for Billions to Enter Web3

At the main stage of the Token2049 summit in Dubai, OKX CEO Star announced the official launch of OKX Pay, positioning it as the first crypto payment wallet fully integrated with a comprehensive compliance framework. According to Star, OKX Pay will enable users worldwide to instantly and securely send and receive USDT and USDC.

Built on an advanced account abstraction (AA) architecture and leveraging ZK Email technology, OKX Pay incorporates features such as multi-signature security, anti-money laundering (AML) compliance, and password recovery options. Transactions on OKX Pay occur on OKX’s proprietary ZK Layer-2 network, X Layer, which offers zero transaction fees. Additionally, the platform provides users with up to 5% annual yield on their USDT holdings.

Star emphasized the transformative vision of the project, stating,

“In the future, every financial institution will need to offer some level of non-custodial services in a compliant manner, covering essential use cases like payments and remittances. OKX Pay and X Layer are building the foundational infrastructure required for this future, paving the way for billions of users to truly engage with crypto and the Web3 ecosystem.”

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