TL;DR
- KuCoin Pay allows users to make payments with cryptocurrencies directly from their balances on the platform.
- The system supports over 50 cryptocurrencies, including BTC, ETH, USDT, and USDC, and facilitates payments via QR code or the app.
- Designed to reduce fees and offer instant settlement, KuCoin Pay aims to simplify the payment process and promote the adoption of cryptocurrencies.
KuCoin has launched a new payment system for merchants called KuCoin Pay, which allows users to make payments directly with cryptocurrencies through their balances on the platform.
This tool makes it easier for merchants to accept crypto payments without needing to modify their existing systems. Users can complete their purchases by scanning a QR code or using the app.
The system supports over 50 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Tether (USDT), and USD Coin (USDC), expanding payment options for users and facilitating access to a range of digital assets in commerce. Additionally, KuCoin claims that this system not only provides an efficient way to make payments, but also contributes to the mass adoption of cryptocurrencies by offering a smooth, hassle-free shopping experience.
KuCoin Aligns with Major Companies like Stripe and Wirex
The launch of KuCoin Pay comes at a time of growing interest in cryptocurrency payments. The company follows the trend of platforms like Stripe, Wirex, and companies like Sheetz, which have begun integrating crypto payments into their systems. KuCoin aims to offer merchants a simple way to access a global user base, allowing them to expand their reach and improve payment processes without facing additional complications.
KuCoin Pay is designed to reduce transaction fees, providing an advantage for both merchants and consumers. The system facilitates instant payment settlement, increasing efficiency and enabling businesses to better manage their finances. Users, for their part, can use this system not only to make payments for products and services but also to top up cards or make everyday consumption payments with cryptocurrencies, further expanding its use in daily life.
