OKX has launched the OKX Card in Europe, enabling users to pay with stablecoins at any merchant that accepts Mastercard.

Unlike traditional crypto cards that require preloading or conversions, the OKX Card converts stablecoins at the point of purchase and offers instant crypto rewards of up to 20% on eligible transactions.

The card operates on onchain self-custody, meaning stablecoins remain in the user’s wallet until the moment of payment.

Users can spend via mobile wallets such as Apple Pay and Google Pay, in-store or online, with zero transaction or foreign exchange fees, and a market spread of 0.4% when converting to Euro.

Erald Ghoos, CEO of OKX Europe, said:

“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.”

Users earn crypto rewards instantly, with VIP rewards offering up to 20% back and regular rewards up to 15% for 30-day periods.

Featured image credit: OKX