Flash News: OKX Launches New GEO Express Payment Method for P2P Trading

NASSAU, the Bahamas, Sept. 20, 2023 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange and Web3 technology company, has issued updates for September 20, 2023.

OKX Launches New GEO Express Payment Method for P2P Trading

OKX today launched a new payment method for its peer-to-peer (P2P) trading product, which enables users to buy crypto from – or sell crypto to – other users in a P2P setting in their local currency. The new payment method, called GEO Express, has been developed in partnership with GEO Pay, a Ukrainian payment vendor that combines P2P payments and operations on deposit/withdrawal of fiat funds and exchanges it for crypto assets.

This new integration reduces the number of steps a user has to take to complete an order by automating the “receive token” step in the user’s P2P trading journey.

GEO Express offers several key features that will benefit both buyers and sellers:

•       Buyers will be automatically redirected to the GEO Express payment site, allowing for a unique invoice link to be created and verification that the buyer is paying the correct GEO ID and amount.

•       Buyers can also enjoy “instant token release” once they’ve confirmed that the payment has been made on OKX.

•       Sellers will receive instant payment verification, and no longer need to log on to their OKX account again to confirm payment has been received to complete the P2P transaction.

Note: GEO Express is only applicable to users who on-ramp and off-ramp in Ukrainian hryvnia (UAH).

To learn more about GEO Express, click here.

For more information, please visit the Support Center.

For further information, please contact:

Media@okx.com

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.