In a significant move to bridge the gap between digital currencies and traditional retail, KuCoin has introduced a new payment feature that allows customers to make purchases directly through the exchange.
This innovative solution, dubbed KuCoin Pay, aims to enhance the shopping experience for users and merchants alike.
Seamless Integration for Merchants
Merchants can easily incorporate KuCoin Pay into their current payment setups, enabling a seamless transaction process for their customers.
With just a quick scan of a QR code or by using the KuCoin app, buyers will be able to settle their transactions in a hassle-free manner, as highlighted in the exchange’s announcement.
Competitors in the Space
By launching this feature, KuCoin places itself among a growing list of cryptocurrency payment platforms eager to connect the worlds of digital currencies and conventional commerce.
Their initiative comes on the heels of similar offerings from other providers; for example, Flexa, a digital payments company, unveiled a comparable option last August that has already been adopted by several well-known retailers, such as Chipotle, Regal Cinemas, and Mikimoto.
Support for Multiple Cryptocurrencies
The newly established payment infrastructure supports an impressive selection of 54 different cryptocurrencies.
This extensive range includes major players like Bitcoin (BTC) and Ethereum (ETH), as well as popular stablecoins such as USDT and USDC, giving users plenty of options for their transactions.
A KuCoin representative mentioned that multiple merchants, though unnamed for now, are set to adopt this service as early as January.
With this rollout, KuCoin is poised to make its mark in the ever-evolving landscape of cryptocurrency payments at the point of sale.
Source: Coindesk
