- OKX is bringing its new OKX Card to Europe – sending a clear signal for the future of stablecoin payments.
- The card offers self-custody, no fees and instant rewards. It positions OKX as strong competition for the established providers in the EU.
With the introduction of the OKX Card, the exchange is pursuing a clear goal: stablecoins should finally be used as a means of payment in everyday life. The card is directly connected to the OKX Pay Smart Wallet, allowing customers to hold their stablecoins themselves until the moment of payment.
Only at checkout will USDC or USDG be automatically converted into euros and merchants will receive fiat money while the customer remains onchain. The card works on all Mastercard terminals and can be easily integrated into Apple Pay and Google Pay.
Rewards instead of fees
The “fees” are particularly progressive. OKX completely waives issuing, monthly and transaction fees. There are even no foreign currency fees, which makes the card attractive for frequent travelers. Only a small spread remains during conversion. At the same time, OKX offers attractive rewards.
Up to 20% cashback in the first 30 days should make it easier to get started, after that the amount depends on the VIP level. This means that OKX takes advantage of established providers such as Crypto.com and Binance, which have reduced their cashback models several times in recent years.
Regulation and positioning
The card is issued via a European payment service provider and is fully AML and KYC compliant. For OKX, the launch is a step in its European strategy, which relies on MiCA compatibility and stable infrastructure.
While other exchanges in Europe come under regulatory pressure, OKX is taking the opportunity to position itself as a reliable provider. Mastercard, in turn, aims to bring stablecoins into the mainstream – and in OKX it has found a partner that focuses on self-custody and DeFi integration.
Importance for the market
The OKX Card creates a new model for Crypto payments in Europe: self-stored, free of charge and immediately usable. If the product becomes established, it could significantly stimulate competition in the payment sector. Banks and FinTechs have to adapt to customers who not only hold stablecoins, but also actively use them in everyday life.
For OKX, the launch is a strategic step to take a leading role in the MiCAR-regulated EU – and for customers the final proof that the stablecoins have finally arrived in Europe.
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