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BlockBeats News: On April 28th, according to official sources, OKX announced the launch of a new product for over 100 million users worldwide - the encrypted payment application OKX Pay V1 version. OKX Pay will be integrated as a sub application into the existing OKX App, first launched in some markets, and planned to be fully launched globally in the coming months. Its core innovations include: 1. Simplify the self hosting experience: By splitting the private key into two parts, with half being saved by the user in the Passkey wallet and the other half being hosted by OKX, secure and convenient wallet management can be achieved. Simultaneously supporting email retrieval through zero knowledge (ZK) technology to reduce the risk of loss. 2. Convenient encrypted payment: supports transfer via message, with initial support for USDT and USDC, zero transaction fees, instant payment, and unlimited amounts (compliant with regulations). 3. Silent return function: Depositing funds will automatically participate in low-risk on chain protocols to obtain returns, without the need for manual staking, and funds can be withdrawn at any time. In terms of security and compliance assurance, OKX Pay has built-in KYC, AML, and multi signature controls to ensure the security of user funds and OKX cannot operate user assets without authorization. In terms of technical support, OKX Pay is based on the ZK Layer2 blockchain - X Layer, ensuring zero transaction costs, and plans to integrate payment service providers such as Mastercard and Stripe in the future to achieve convenient payments for merchants.