OKX CEO Star Xu declared that the crypto alternate is getting ready to launch a brand new product referred to as Pay Pockets subsequent week to spice up broader crypto adoption.
In a latest publish, the crypto alternate’s CEO revealed screenshots of the agency’s newest product that will likely be unveiled subsequent week. Xu mentioned the aim of the brand new product could be to drive crypto adoption ahead and get extra new customers onboard.
“We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it!” mentioned Xu.
Xu’s announcement additionally garnered optimistic responses from crypto trade figureheads like Tron (TRX) founder Justin Solar and Tether (USDT) CEO Paolo Ardoino.
The Pay Pockets is designed to be a brand new sort of personal keyless pockets. The appliance will come outfitted with a card and require customers to enter Know-Your-Buyer verification.
Not solely that, the brand new keyless pockets can even be built-in into the platform’s Ethereum (ETH) Layer2 community, X Layer. Primarily based on the screenshots shared by Xu, the Pay Pockets will concentrate on enabling USDC (USDC) and USDT stablecoin funds, combining it with DeFi to offer returns. The app additionally supplies customers with a chat characteristic that allows them to verify whether or not funds are obtained.
The keyless pockets seems to be a separate characteristic to the already present OKX Pockets app, which was launched earlier this 12 months on the App Retailer and Google Play.
“OKX Wallet allows you to store, trade, earn, and manage your crypto and your NFTs across 100+ blockchains – all in one simple solution,” mentioned the crypto alternate within the official description.
Final March, the agency’s web3 product supervisor Kyle Chen admitted that that they had unintentionally revealed particulars concerning the OKX pockets app too early. It was solely after the publish was shared that he realized the app was solely out there in choose areas and will solely be discovered on Google Play.
