Overview
- Users can pay with stablecoins at more than 150 million Mastercard-accepting locations, including tap-to-pay via Apple Pay and Google Pay.
- OKX says there are no transaction or foreign-exchange fees, with a 0.4% market spread applied at the moment of conversion to euros.
- A limited launch promotion offers crypto rewards of up to 20% on eligible purchases, with separate VIP and regular tiers.
- Funds remain in self-custody until checkout, though reporting notes a brief custodial step as assets pass through OKX infrastructure for fiat conversion.
- The product is issued through a licensed European payments partner with full AML and KYC, and OKX signals a focus on payments over rapid expansion into traditional asset trading.