TLDR
- OKX Pay turns Brazilian Reais into stablecoins with fast PIX conversion.
- Earn up to 10% APY weekly on stablecoins, no lock-in, paid daily.
- OKX Card lets users spend stablecoins globally with zero FX fees.
- Integrated with PIX, Google Wallet, and Apple Pay for easy use.
- Secure, self-custody tools make stablecoins practical for Brazilians.
OKX has launched OKX Pay and the OKX Card in Brazil, aiming to simplify stablecoin usage for everyday consumers. The rollout enables users to convert Brazilian Reais to digital dollars through PIX, earn interest, and spend globally. OKX Pay integrates self-custody features, localized support, and competitive financial benefits for a broader Brazilian audience.
OKX Pay Launches in Brazil With Digital Dollar Account
OKX introduced OKX Pay in Brazil as a self-custody digital dollar wallet built on its ZK-based X Layer blockchain. It allows users to convert Reais into stablecoins instantly via Brazil’s PIX system, ensuring fast and low-cost access. The platform supports domestic and international transfers without the delays or fees found in traditional banking.
OKX Pay offers up to 10% APY on stablecoin balances, paid weekly without any lock-in requirements. Users can grow their holdings passively, and earnings are calculated daily to maximize returns. This feature positions OKX Pay as a strong alternative to conventional savings or currency hedging options.
The onboarding process for OKX Pay includes digital KYC tailored for Brazilian citizens using CNH, with localized customer support. These steps streamline access while complying with regulatory standards. Therefore, OKX Pay provides a robust entry point for users unfamiliar with complex crypto interfaces.
OKX Card Enables Global Stablecoin Spending
Alongside OKX Pay, the company also launched the OKX Card, a USD Mastercard debit card directly connected to wallet balances. This card allows spending stablecoins online or in-store, integrating with Apple Pay and Google Wallet. Transactions settle in multiple currencies without FX spreads or added conversion charges.
The OKX Card removes Brazil’s standard IOF tax on international transactions, helping users avoid typical foreign exchange expenses. Users can spend in euros, pounds, or reais with market-based rates. This creates a seamless experience that mimics traditional dollar accounts, but without hidden fees.
Global usability remains a key benefit of the OKX Card since it functions wherever Mastercard is accepted. Cardholders can manage stablecoin holdings and spend globally without off-ramping to Reais. The card thus completes the stablecoin-to-retail loop that OKX Pay initiates.
OKX Targets Broader Audience With Stablecoin Utility
By combining OKX Pay and OKX Card, OKX addresses the demand for cost-efficient access to global finance among Brazilian consumers. The tools replace high-cost physical dollar brokers with instant, secure digital dollar solutions. This shift also reduces reliance on informal markets and improves user safety.
OKX Pay supports Brazil’s growing appetite for practical crypto applications by offering real returns and global utility. Its integration with PIX provides fast fiat onboarding while keeping users in control of their funds. The company aims to reach those previously excluded from digital finance by making stablecoins more usable.
The platform’s strategy puts stablecoins at the center of saving, spending, and transferring funds, aligning with the needs of modern consumers. With OKX Pay and OKX Card, Brazilians now have a direct, efficient, and secure route to the digital economy. OKX continues positioning itself as a mainstream financial alternative.
