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Crypto DeFi

OKX Launches Standalone OKX Money App in Over 30 Countries

OKX launched OKX Money, a standalone app for transfers, spending, savings and asset custody, at its OKX NOW summit in Singapore. Built on X Layer with self-custodial smart accounts and round-the-clock digital asset transfers, it is live in more than 30 countries. European users get Aave-backed Pay Boost, which lets funds earn yield while staying spendable.

Original source

AI take

OKX splitting payments into a standalone app signals a bet that crypto spending and savings are distinct enough from trading to warrant their own surface, and choosing to build on its own X Layer rather than an external chain keeps that activity inside its ecosystem. The Aave-backed Pay Boost is the more telling detail: yield that stays spendable narrows the gap between holding stablecoins and using them, which is precisely where traditional banking has no clean answer. Whether self-custodial smart accounts can carry everyday payment habits across 30-plus markets is the open question.

Generated by AI for reference only.

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