crypto.news 2025-04-28 19:23:58

OKX unveils OKX Pay to bring self-custodial crypto payments to the mainstream

OKX is launching a self-custodial platform that enables gasless crypto payments that’s easier to use. OKX (OKB) is launching a new payments platform in hopes of making self-custody easier than ever. On Monday, April 28, OKX launched OKX Pay , a feature within the OKX app that enables easy crypto payments that, according to the exchange, feel like Venmo and PayPal. 📣 OKX Pay is here 📣 Experience the future of crypto with practical self-custody, seamless global payments, and automatic daily rewards – all with zero fees. Crypto payments are now easier & more secure than ever, read our CEO @Star_okx ’s message to learn more:… pic.twitter.com/AgvFA6qRSV — OKX (@okx) April 28, 2025 OKX Pay allows users to send USDT and USDC stablecoins with zero fees. At the same time, users retain full custody over their assets, protecting them from exchange risk and ensuring secure storage. You might also like: OKX re-launches in the U.S. with a new crypto exchange and self-custody wallet How OKX Pay works Users can send assets directly to other OKX Pay users by selecting their contacts or entering OKX usernames or IDs, no complicated wallet addresses needed. According to OKX, users will also benefit from fast transfers and flexible options. “Settlement is almost instant and there are no limits to how much you can send and receive (subject to necessary compliance and risk controls),” OKX. What is more, users won’t have to worry about losing their funds if they lose their seed phrases or devices. The goal, according to OKX, was to make transfers feel like Web2 applications, like Venmo and CashApp. You might also like: OKX re-launches in the U.S. with a new crypto exchange and self-custody wallet In addition, OKX Pay will reward users based on the yield generated from their deposits. OKX states that rewards will come from “low-risk on-chain protocols,” including staking, which the app handles automatically. Importantly, the assets are not locked, allowing users to withdraw and use their funds at any time. OKX emphasized that the main goal of this project is to build a self-custodial solution that removes complexity. By eliminating the need for private key management, OKX hopes to drive broader adoption of self-custody, still the safest method for storing crypto assets. Read more: OKX gears up to launch new Pay Wallet next week