CoinVoice has recently learned that on September 30, during the 'The New Money Era' themed event at the OKX Alphas Summit, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin jointly attended the 'OKX Pay' themed roundtable discussion. Star mentioned during the discussion about why on-chain payments are an important trend for the future that OKX Pay will be the first to launch related services in the Singapore market, with approximately 80% of Singapore merchants expected to support PayNow QR code payments, and users will also enjoy a rebate of 3% to 4% during the usage process. Additionally, OKX will launch debit cards issued in collaboration with partners, allowing users to make payments in Singapore and globally. In the future, OKX plans to expand this business to markets such as Brazil, Europe, and the United States as soon as possible. Star emphasized that users can not only make free payments during global travel through OKX Pay and their wallets but also enjoy an APY higher than most banks and better transaction rebates.
Star stated that the vision for OKX on-chain payments is for users to convert their funds into stablecoins and store them on OKX Pay, where the funds will automatically generate earnings with almost no user intervention required. Currently, OKX supports several stablecoins and plans to gradually expand to more options. To this end, OKX has launched a stablecoin strategy, committed to becoming the liquidity center for all stablecoins. Users can use USDG, USDC, and the upcoming PYUSD to trade and make payments on the OKX APP, achieving an integrated on-chain stablecoin payment and earning experience. [Original link]
