OKX Founder Star Xu Says Post-2000 Generation May Trust Web3 Wallets Over Banks

Speaking on the first anniversary of OKX’s Dubai license, Star Xu noted younger generations could prefer Web3 wallets to traditional banking.

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Terms & Concepts
  • Web3 wallet: A digital wallet that allows users to store, send, and receive cryptocurrencies while interacting directly with decentralized applications (dApps).
  • Dubai license: A regulatory permit granted by authorities in Dubai, enabling companies like OKX to operate within the region’s legal framework.