OKX, a global cryptocurrency platform and onchain technology company, has launched the OKX Card in Europe. This new card facilitates direct stablecoin payments at more than 150 million merchants worldwide where Mastercard is accepted, featuring zero fees and instant crypto rewards on eligible purchases.
The OKX Card is designed to remove traditional barriers to using cryptocurrency for everyday transactions. Unlike many existing crypto cards that require manual asset conversion or preloading, the OKX Card allows stablecoins to remain in the user’s self-custody wallet until the precise moment of purchase, converting seamlessly at checkout. This integration connects crypto directly with real-world purchases.
Key features of the OKX Card include no transaction fees and no foreign exchange fees. Users incur a low 0.4% market spread when converting stablecoins to Euro. Additionally, cardholders can earn instant crypto rewards, with VIP Rewards offering up to 20% back on eligible purchases and Regular Rewards providing up to 15% back for a limited time.
For convenience, the card supports tap-to-pay functionality through mobile wallets such as Apple Pay and Google Pay, enabling instant spending online or in-store. The card operates on Mastercard’s secure global network and adheres to advanced European regulatory standards, including strict Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, as it is issued through a licensed European payments partner.
Erald Ghoos, CEO of OKX Europe, stated, “With OKX Card, we’re making it simple for anyone in Europe to use crypto for real-world purchases – instantly, securely, and transparently. Crypto was originally conceived as a means of payment and with OKX Card our users can turn this vision into reality. We are making stablecoins practical and accessible for everyday finance for everyone, powered by one of the world’s most trusted digital asset platforms.”
Christian Rau, Senior Vice President, Global Digital Commercialization at Mastercard, added, “Stablecoins bring more choice to users, and by partnering with OKX, Mastercard is helping bring them into the financial mainstream with trust, scale, and utility. Expanding the OKX card to Europeans is a natural next step.”
OKX, which serves over 100 million customers globally and has processed trillions of dollars in transactions, maintains a commitment to regulatory compliance with licenses in various markets, including the United States, UAE, EEA, Singapore, and Australia. The company also publishes monthly Proof of Reserves reports to ensure transparency and security. The launch of the OKX Card is part of OKX’s broader strategy to integrate crypto into daily finance, with future plans for premium card tiers, expanded rewards, merchant partnerships, and Web3 commerce integrations across the region.
