OKX Launches Crypto Payment Cards in Europe

• OKX Card lets European users spend stablecoins via Mastercard with real-time conversion to euros now
• The card charges no transaction or FX fees, using a 0.4% market spread for crypto to fiat swaps only
• Availability covers most EU states and Norway, offering cashback promotions for early USDG spending

OKX has launched its crypto-backed payment card across the European Economic Area. 

The card enables users to spend stablecoins directly at merchants through the Mastercard network without manual conversions or preloaded balances.

Card Connects Crypto Wallets to Everyday Payments

The OKX Card went live this week, bringing what the company calls “stablecoin-first finance” to European users. According to OKX’s announcement, the card targets people already active in crypto ecosystems who want practical spending options.

Users can now pay with USDC or USDG held in their OKX Pay accounts. The card handles conversions automatically at the point of sale, turning stablecoins into euros for merchant settlement.

The setup connects directly to smart wallets. This means users keep full ownership of their crypto until the exact moment they complete a transaction. No third-party custody or advance top-ups are required.

Merchants receive standard fiat payments through Mastercard’s infrastructure. From their perspective, nothing changes. The crypto mechanics happen entirely on the user’s side.

Real-Time Conversion with Zero Transaction Fees

When someone makes a purchase, the card converts stablecoins to euros instantly. The process happens in the background as the payment processes through Mastercard’s network.

OKX has structured the pricing to minimize costs. The company charges no transaction fees for card purchases, whether they’re in euros or other currencies.

Foreign exchange fees don’t apply either. For non-euro transactions, Mastercard provides the conversion rate without additional markups from OKX.

The only cost comes from converting crypto to fiat. A 0.4% market spread applies during this conversion, reflecting standard exchange mechanics rather than platform fees.

According to OKX’s blog, the card carries no other charges. There are no issuance fees, monthly costs, annual fees, or inactivity penalties.

The card launches as a virtual-only product. Users can add it to Apple Pay or Google Pay on compatible devices for both online and in-store purchases.

Launch Rewards Include Up to 20% Cashback

OKX is running a promotional cashback program for early users. Those spending with USDG can earn rewards instantly without staking or lock-up requirements.

The first 30 days offer up to 20% cashback on eligible purchases. Rates and caps vary based on user tier within the OKX ecosystem.

Cashback hits accounts immediately after qualifying transactions. The rewards come in crypto, not fiat currency.

After the promotional window closes, ongoing cashback depends on VIP status. Higher-tier users maintain access to rewards with defined monthly limits. Standard accounts may not receive cashback outside special promotions.

OKX notes that all promotional terms are subject to change. Users should verify current rates before making assumptions about reward levels.

Available Across Most European Economic Area Countries

The card is now accessible in EU member states and Norway. Two EEA countries remain excluded from the current rollout: Iceland and Liechtenstein.

OKX operates under licensing from Europe’s Markets in Crypto-Assets regulation. While the card itself isn’t classified as a MiCA product, it complies with applicable European payment regulations through the Mastercard framework.

The company designed the card for users comfortable with stablecoins and digital wallets. Getting started requires holding supported assets in an OKX Pay account and activating the card through the OKX app.

The card works wherever Mastercard is accepted. This includes millions of merchants across Europe and globally, bringing crypto spending closer to mainstream payment habits.

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