PANews reported on April 30 that according to official news, OKX CEO Star announced at the main venue of the Token2049 Summit in Dubai that OKX Pay has been officially launched, and said that OKX Pay is the world's first crypto payment wallet with a built-in complete compliance system, supporting users to send and receive USDT and USDC instantly and securely around the world. OKX Pay is built on the account abstraction (AA) architecture and ZK Email technology. It not only has multi-signature, anti-money laundering (AML), password retrieval and other mechanisms, but also achieves zero transaction fees on OKX's self-developed ZK second-layer network X Layer, and provides users with up to 5% annualized yield on USDT.

Star emphasized: “In the future, all financial institutions will provide some degree of non-custodial services in a compliant manner, covering scenarios such as payment and remittance. OKX Pay and X Layer are building the underlying infrastructure required for this future, which will drive hundreds of millions of users to truly enter the world of encryption and Web3.”