TL;DR
- OKX launched Pay and Card in Europe, the first compliant DeFi Pay & Card solution, enabling everyday payments and providing access to DeFi protocols and RWAs.
- Pay allows users to deposit euros, convert them into stablecoins, and use them for daily purchases or to access onchain markets and tokenized assets.
- Card extends Pay to the Mastercard network, allowing stablecoins to be spent with instant conversion to euros, functioning both online and offline.
OKX launched Pay and Card in Europe as the first compliant DeFi Pay & Card solution in the European Union. The products allow users to interact with DeFi protocols and real-world asset (RWA) applications, subject to regulatory permissions and local rules, while also supporting everyday payments.
OKX Pay lets users deposit euros, convert them into fiat-backed stablecoins, and use that balance for daily expenses such as coffee, parking, bills, or splitting costs. Where regulation permits, the same balance can also be used to access onchain markets and tokenized assets.
OKX Card expands Pay’s functionality to the Mastercard network, enabling users to spend stablecoins with immediate conversion to euros at the point of sale. The card is euro-denominated, virtual, and works both online and offline. The integration between Pay and Card is designed to feel familiar to users of traditional banking apps, while the settlement system operates on onchain rails.
The launch is framed within European regulatory compliance. OKX Pay and Card operate through the firm’s regulated European entity and meet the highest local standards for security, transparency, and consumer protection. Europe is positioned as a testing ground for compliant DeFi solutions applied to everyday life.
OKX Will Expand Products Based on Demand and Regulatory Approvals
The products are designed so that stablecoin payments are fast, cost-effective, and free of cross-border restrictions, with 24/7 settlement and near-instant finality. This allows users to hold, transact, and deploy capital from a single balance within a fully regulated ecosystem.
The initial rollout will focus on European markets and will serve as a base to expand OKX Pay and Card to other countries as regulatory approvals are obtained and demand grows. The company plans to extend functionalities and geographic coverage while maintaining security, transparency, and consumer protection standards.
The goal is to unify payments, savings, and investments within a regulated interface that leverages blockchain infrastructure.
