OKX, a well-known global cryptocurrency platform, has launched a groundbreaking payment solution aimed at European users. The newly introduced OKX Card allows customers to make direct stablecoin payments at Mastercard-affiliated retailers, eliminating both transaction and foreign exchange fees.
With the OKX Card, users retain self-custody of their stablecoins until the moment they make a purchase. During checkout, these assets are automatically converted, with a nominal market spread of 0.4%. Additionally, users can take advantage of a promotional offering that allows them to earn up to 20% back in cryptocurrency on qualifying purchases for a limited time.
Erald Ghoos, CEO of OKX Europe, expressed the card’s significance, stating, “With OKX Card, we’re making it simple for anyone in Europe to use crypto for real-world purchases – instantly, securely, and transparently.” Ghoos highlighted that crypto was initially designed as a medium of exchange, and the OKX Card assists in actualizing that vision.
Moreover, the card supports tap-to-pay transactions through popular mobile payment platforms including Apple Pay and Google Pay. VIP users can enjoy lucrative rewards of up to 20% for the first 30 days, while regular users are eligible for rewards of up to 15% during the same promotional period.
Christian Rau, Senior Vice President of Global Digital Commercialization at Mastercard, noted the importance of stablecoins, stating, “Stablecoins bring more choice to users, and by partnering with OKX, Mastercard is helping bring them into the financial mainstream with trust, scale, and utility.”
The OKX Card is issued via a licensed European payments partner, adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) standards within the European Economic Area. In alignment with its compliance strategy, OKX is actively pursuing additional payment licenses throughout Europe, reinforcing its commitment to regulatory adherence and user security.
