OKX executive says stablecoins are gaining traction in payments as new card launches
OKX launched a new crypto card in Europe, enabling users to spend stablecoins directly at Mastercard merchants.Summary
OKX has launched a new crypto payments card in Europe, allowing users to spend stablecoins directly at Mastercard-accepting merchants, marking a step toward integrating digital assets into everyday finance. Erald Ghoos, CEO of OKX Europe, noted that momentum is building due to regulatory clarity from the EU's MiCA framework and increasing interest from major banks in stablecoin issuance.
The OKX Card connects self-custody wallets to real-world payments, converting stablecoins only at the point of purchase, which avoids manual preloading or conversion typical of other crypto cards. It supports tap-to-pay via Apple Pay and Google Pay and offers crypto rewards during a promotional period. The service operates under AML and KYC regulations through a licensed European payments provider.
Ghoos expressed confidence that instant, low-cost global payments via stablecoins will eventually become the default for everyone, moving beyond initial crypto-native adopters.
(Source：CoinDesk)