OKX to Launch KYC-Required Pay Wallet with Card Feature Next Week, Targeting One Billion Users on Ethereum Layer 2

OKX, a prominent cryptocurrency exchange, announced the upcoming launch of its OKX Pay Wallet next week. The new wallet is designed as a private keyless solution requiring Know Your Customer (KYC) verification and will be integrated with OKX’s Ethereum Layer 2 platform. This launch aims to facilitate broader cryptocurrency adoption by targeting up to one billion users. The OKX Pay Wallet will include a card feature, potentially enabling daily transactions using stablecoins such as USDT. The product is part of OKX’s broader strategic focus on regulatory compliance and payment finance (PayFi), reflecting its ongoing investments in user experience, research, and development. OKX has recently enhanced its platform with UI upgrades and expanded access, including availability on the US App Store for both its exchange and wallet applications. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant