OKX Card
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X @OKX
OKX· 2025-11-06 15:19
RT hong (@hfangca)In São Paulo today to celebrate the launch of OKX Card in Brazil with our team! 🇧🇷 @OKXBrasil @GSacamoneIt will give hundreds of millions of Brazilians the power to access, move and use their funds, both in and outside Brazil without IOF, while enjoying a strong USD yield.Remember what we are here for - more financial freedom, more control in individuals’ hands! ...
OKX Jumps Into Crypto Debit Cards as Exchanges Split Between Mastercard and Visa
Yahoo Finance· 2025-11-06 14:17
Core Insights - OKX has launched its first crypto debit card in Brazil, joining other exchanges like Binance and Coinbase in the competitive crypto card market [2][9] - The OKX Card is a Mastercard debit card that allows users to top up with Brazilian Reals, which are converted into USD stablecoins [2][3] - The market for crypto payment cards is evenly split between Mastercard and Visa, with both companies having dedicated programs for exchanges [4][9] OKX's Entry - The OKX Card can be used globally, with Mastercard facilitating local currency payments [3] - Users can earn up to 10% annual percentage yield on stablecoin balances [3] - The card integrates with Brazil's digital wallet service, Pix, providing a unique feature compared to competitors [3] Visa vs. Mastercard - Both Mastercard and Visa have established programs for exchanges to issue their own cards [4] - Mastercard requires a larger funding buffer, necessitating more upfront capital for high payment velocity programs [7] - Visa is viewed as more flexible and scalable, though its compliance frameworks are less stringent than those of Mastercard [8] Market Comparison - A comparison of crypto exchange cards shows various offerings, with OKX providing a Mastercard debit card in Brazil [12] - Other exchanges like Binance, Bitget, and Coinbase also offer different types of cards across various regions [12]
X @OKX
OKX· 2025-11-06 13:01
Meet money that moves as fast as you.Introducing OKX Pay & Card for Brazil 🇧🇷- Easy access: Convert Brazilian reais to stablecoins- Earn up to 10% APY- Instant global transfers- USD Debit Card Powered by @Mastercard- Apple Pay & Google Wallet IntegrationMore: https://t.co/gaBwEeDnta ...
OKX Launches USD Stablecoin Payments in Brazil — A New Era for Saving and Spending?
Yahoo Finance· 2025-11-06 12:44
Core Insights - OKX has launched OKX Pay and OKX Card in Brazil, providing users with access to USD-denominated stablecoin savings and payment solutions, addressing the demand for inflation-resistant financial options [1][8] Group 1: Rising Demand for Dollar-Based Finance - Stablecoins represent over 90% of cryptocurrency transaction volume in Brazil, driven by ongoing inflation and currency volatility [2] - Brazil is the leader in Latin America for crypto transactions and ranks fifth globally in adoption, with households and small businesses seeking financial stability through USD savings [2] Group 2: Transaction Efficiency - OKX Pay and OKX Card allow users to convert Brazilian reais (BRL) to USD stablecoins instantly via PIX integration, eliminating intermediaries and traditional banking delays [3] - The platform can save users up to $39 in fees and taxes on a $1,000 transaction compared to conventional services, with costs as low as $17.30 for transfers [4][5] Group 3: Earning and Spending in USD - OKX Pay offers users up to 10% annual percentage yield (APY) on stablecoin balances, with daily calculations and weekly distributions, and supports both domestic and international transfers [6] - OKX Card functions as an international USD Mastercard debit card, allowing users to make payments globally through Mastercard's network and integrates with Apple Pay and Google Wallet [7] Group 4: Company Vision - The CEO of OKX Brazil emphasizes the goal of making crypto practical and accessible, providing seamless and cost-efficient access to the global economy without hidden fees or conversion costs [8]