KuCoin has introduced KuCoin Pay, a payment solution to enable merchants to facilitate cryptocurrency transactions. Integrated within the KuCoin app, which boasts a global user base of over 37 million, this platform allows businesses to expand their customer reach by simplifying crypto payments. The system allows customers to make payments via QR codes or directly through the app, aiming to make cryptocurrency transactions more accessible for everyday use. KuCoin Pay is designed with lower fees, instant settlements, and multi-currency support, enhancing the ease of crypto adoption in daily transactions.
Businesses can incorporate KuCoin Pay into their existing payment systems, thus enabling simultaneous acceptance of crypto and traditional payments without complexity. The payment process leverages blockchain technology, allowing for direct peer-to-peer transactions, often at a lower cost than traditional methods. This move seeks to promote the normalization of cryptocurrency use for common purchases such as gift cards and mobile top-ups, signifying a shift towards incorporating digital payments into everyday commerce.
