Rapid crypto purchases are now facilitated in the US and EEA through the integration of Apple Pay by OKX.
In a significant move to bridge traditional finance with crypto markets, OKX has introduced Apple Pay as a payment option for its customers, making digital asset purchases more accessible and secure. The integration is now live in the United States and the European Economic Area (EEA), providing a new way for users to buy cryptocurrency [1][2][3][5].
This update streamlines the buying process by allowing instant purchases through Apple's biometric authentication and stored payment cards. Users no longer need to type in card or billing details each time they buy, making transactions faster and more convenient [1][3][5].
Enhanced security is another key benefit. Apple Pay uses biometric tools like Face ID or Touch ID, as well as tokenized transactions, to ensure sensitive payment information is never directly shared with OKX, reducing fraud risk [2][5]. This not only protects users but also encourages wider adoption and user retention by lowering transaction friction and improving the onboarding flow [1][2].
By supporting both debit and credit cards linked to Apple Pay, OKX now offers a mainstream, trusted payment option compatible with over 1.2 billion Apple Pay users worldwide. This move aims to reach people who might not otherwise buy digital assets by tapping into a widely used payment system [5].
This integration is part of OKX’s wider strategy to merge traditional payment methods with cryptocurrency, making digital asset purchases safer, simpler, and more accessible for retail customers across these regions [1][2][5]. The exchange views the integration of Apple Pay as a key step toward real-world adoption of crypto.
This feature is aimed at reducing friction for new and existing traders by eliminating the need to enter card details or set up extra accounts. The system uses Apple's existing wallet technology, which already stores payment cards and personal details, to streamline the buying process [4].
In the coming months, OKX is preparing further payment options to continue improving user experience. The security features of Apple Pay, such as tokenized transactions, align with OKX's emphasis on user protection. The exchange emphasizes that while payments are easier, the underlying safeguards, including encryption and on-device secure storage of card data, remain in place [6].
Sources: [1] https://www.coindesk.com/business/2022/03/22/okx-adds-apple-pay-to-its-crypto-buying-options/ [2] https://www.theblockcrypto.com/linked/114996/okx-adds-apple-pay-to-its-crypto-buying-options [3] https://www.coinspeaker.com/2022/03/22/okx-now-accepts-apple-pay-for-crypto-purchases/ [4] https://www.finextra.com/pressarticle/94523/okx-expands-crypto-buying-options-with-apple-pay [5] https://www.theblockcrypto.com/linked/114996/okx-adds-apple-pay-to-its-crypto-buying-options [6] https://www.coindesk.com/business/2022/03/22/okx-adds-apple-pay-to-its-crypto-buying-options/
In this update, OKX has integrated technology like Apple Pay to provide a more secure and convenient method for users to buy cryptocurrency [1][2][3][4][5]. This move also represents OKX's strategy to bridge the gap between traditional finance and crypto markets, thus making digital asset purchases more accessible [1][2][5].
